POST Online Media Lite Edition



 

U.S. jobless claims hit 259,000

Staff Writer |
Initial claims for state unemployment benefits increased 22,000 to a seasonally adjusted 259,000 for the week ended January 21, the Labor Department said.

Article continues below






Claims for the prior week were revised to show 3,000 more applications received than previously reported.

Claims have now been below 300,000, a threshold associated with a healthy labor market, for 99 consecutive weeks. That is the longest stretch since 1970, when the labor market was much smaller.

The four-week moving average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, fell 2,000 to 245,500 last week, the lowest since November 1973.


What to read next

Initial U.S. jobless claims drop to lowest level since 1973
U.S. jobless claims 243,000, layoffs near 45-year low
Jobless claims climb to 5-week high of 248,000