Unemployment Claims in 2016 Have Set a New Record Low

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The Department of Labor announced today that the 4-week moving average of initial unemployment claims was 276,000 in May. “This marks 65 consecutive weeks of initial claims below 300,000, the longest streak since 1973.”

Not bad—especially when you consider that the population of the country has increased by 50 percent since then. In fact, we missed a milestone earlier this year: adjusted for population, the number of initial unemployment claims since the beginning of 2016 has been the lowest in half a century. The economy still isn’t quite firing on all cylinders, but this is yet another sign that it’s doing pretty well.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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