(Marketwatch) The number of people applying for unemployment benefits in mid-September fell to the lowest level since November 1969.
The numbers: The number of Americans who applied for unemployment benefits in mid-September fell to a fresh 49-year low, more proof that a growing labor shortage and surging economy have given workers greater job security.
Initial jobless claims, a rough proxy for layoffs, fell by 3,000 to 201,000 in the seven days ended Sept. 15. That’s below the 208,000 MarketWatch forecast and marks the lowest level since Nov. 12, 1969.
The monthly average of new claims, meanwhile, slipped by 2,250 to 205,750, the government said Thursday. That’s also a 49-year low.