The number of U.S. jobless claims fell to the fewest since 1969.
The U.S. Labor Department’s Bureau of Labor Statistics released the unemployment benefit applications April 25 that showed a drop to 189,000 from 215,000 the previous week. The last time jobless claims were that low was in September 1969.
The Department of Labor also specified, “Initial claims for [unemployment insurance] benefits filed by former Federal civilian employees totaled 446 in the week ending April 18, a decrease of 6 from the prior week. There were 361 initial claims filed by newly discharged veterans, a decrease of 19 from the preceding week.”
Despite the stable U.S. economy, the Federal Reserve opted this week to leave interest rates unchanged at 3.6 percent.
As the Lord Leads, Pray with Us…
- For Acting Secretary Sonderling as he oversees the Department of Labor.
- For outgoing Federal Reserve Chair Powell as he opts to remain on the board of governors.
- For President Trump and officials in his administration as they seek to improve employment and the U.S. economy.
Sources: ABC News, Reuters, MSN, CBS News
