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Unemployment claims fall to lowest level in 43 years, despite hurricanes:
The total number of laid-off workers receiving unemployment benefits fell to 1.89 million at the end of September, the Department of Labor reported Thursday, the lowest such mark in nearly 44 years.
And new claims for unemployment benefits dropped 15,000 to 243,000 in the first full week of October, according to the agency, as the job market bounces back from hurricane damage even faster than forecasters expected.
Prior to the landfall of Hurricanes Harvey, Irma, and Maria, claims had been running at ultra-low rates. With Texas and Florida now recovering, new claims again appear to be sinking to levels that indicate robust job creation. First-time claims in the states most affected by the storms are still high, but have fallen in recent weeks.
Jim O'Sullivan, chief U.S. economist, calculates that new claims below the 300,000 mark indicates that unemployment will remain stable or fall.
http://www.washingtonexaminer.com/unemployment-claims-fall-to-lowest-level-in-43-years-despite-hurricanes/article/2637266
