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Applications for US unemployment aid fall to 49-year lowWASHINGTON (AP) — The number of people seeking jobless benefits dropped last week to the lowest level since November 1969, a sign the job market remains strong despite the partial government shutdown, now in its fifth week. The Labor Department said Thursday that weekly applications for unemployment aid declined 13,000 to a seasonally adjusted 199,000. The four-week average, a less volatile figure, dropped 5,500 to 215,000. The tally of furloughed federal employees requesting unemployment aid jumped to 25,419, more than double the previous week. Those figures are tracked separately from other unemployment claims.
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U.S. weekly jobless claims fall to lowest level since 1969The number of Americans filing applications for unemployment benefits fell to more than a 49-year low last week, but the drop likely overstates the health of the labor market as claims for several states including California were estimated. The economy is facing several headwinds, including a month-long
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