First-time claims for unemployment insurance came in last week at 215,000, the lowest weekly level since 1/27/73, 45 years ago! Moreover, first-time claims have now remained below 300,000 for 160 straight weeks, tying the previous record that ended on 4/4/1970. Despite rising rates, trade tensions, and a tech wreck on Wall Street, Main Street keeps chugging! The March unemployment rate will probably hit 4%, its lowest rate since 12/00!
Elliot F. Eisenberg, Ph.D.