The Labor Department released its weekly unemployment statistics on Thursday. It showed that about 184,000 workers filed for unemployment benefits in the week ending on December 4th. That's the lowest number of weekly filers since 1969.
Here is the official Labor Department statement:
In the week ending December 4, the advance figure for seasonally adjusted initial claims was 184,000, a decrease of 43,000 from the previous week's revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week's level was revised up by 5,000 from 222,000 to 227,000. The 4-week moving average was 218,750, a decrease of 21,250 from the previous week's revised average. This is the lowest level for this average since March 7, 2020 when it was 215,250. The previous week's average was revised up by 1,250 from 238,750 to 240,000.
