The U.S. weekly jobless claims fell to the lowest level in more than 48 years, signaling strong momentum in the U.S. labor market, said the Labor Department on Thursday.
The seasonally adjusted figure of initial jobless claims across the country was 210,000 for the week ended Feb. 24, the lowest level since December 1969, the department said.
The four-week average fell 6,250 to 1.92 million.
The week marked the 156th straight week that the figure remained below the 300,000 threshold, which is associated with a strong labor market.
With the unemployment rate at a 17-year low of 4.1 percent, the U.S. labor market is near full employment.
The seasonally adjusted figure of initial jobless claims across the country was 210,000 for the week ended Feb. 24, the lowest level since December 1969, the department said.
The four-week average fell 6,250 to 1.92 million.
The week marked the 156th straight week that the figure remained below the 300,000 threshold, which is associated with a strong labor market.
With the unemployment rate at a 17-year low of 4.1 percent, the U.S. labor market is near full employment.
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