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The number of initial claims for unemployment benefits in the U.S. fell to the level of 1973

The labor Department reported that last week the number of initial claims for receipt of unemployment benefits dropped by 22 thousand to 222 thousand claims. This is the lowest rate since March 1973, when the US President was Richard Nixon.

The total number of American citizens receiving unemployment benefit amounted to 1.89 million – the lowest since December 1973.

The unemployment rate in the U.S. in August was 4.2%, which is the lowest level in 16 years.

The number of initial claims for unemployment benefits in the U.S. fell to the level of 1973 19.10.2017

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