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JOBLESS CLAIMS LOWEST SINCE 1973

U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday.

Jobless claims decreased by 41k to 220k (est. 249k); lowest level since Feb. 1973, biggest drop since April 2009

Continuing claims rose by 76k to 1.952m in week ended Jan. 6 (data reported with one-week lag)
Four-week average of initial claims, a less-volatile measure than the weekly figure, fell to 244,500 from the prior week’s 250,750

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Other Details

Prior week’s reading was unrevised at 261,000
Unemployment rate among people eligible for benefits rose to 1.4 percent from 1.3 percent in previous week
Claims were estimated for Arkansas, California, Hawaii, Kentucky, Maine, Puerto Rico, Virginia, Wyoming
New York’s unadjusted claims fell by 26,190 to 23,171; California’s estimated, unadjusted claims rose by 11,994 to 59,284

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More at:
https://www.bloomberg.com/news/articles/2018-01-18/jobless-c...
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