The U.S. Labor Department reports that for the third week in a row, unemployment claims have hit low levels not seen since September of 1969 and that the less volatile four-week moving average has reached lows last achieved in November of 1969. What makes this milestone stunning is that the unemployment claims number is not adjusted for how many people are in the labor force, and today there are almost twice the number of people in the workforce than in 1969.
That’s right. We have twice the workforce size and the same number of people claiming unemployment, sure-fire sign that the economy is robust and based upon our nation’s economic history, the economy would be in good shape even if 50 percent more people were filing unemployment claims each week.
http://dailytorch.com/2019/04/unemploym ... ars-ahead/