Initial jobless benefit claims fell last week

U.S. jobless claims plunge to lowest level since 1969

The numbers: Initial jobless benefit claims fell by 28,000 to 187,000 in the week ended March 19, the U.S. Labor Department said Thursday.

That’s the lowest level since September 1969.

Economists polled by the Wall Street Journal had expected claims to total 210,000.

Key details: The number of people already collecting jobless benefits fell by 67,000 to 1.35 million. These so-called continuing claims are at their lowest level since the 1970s.

Big picture: With workers scarce, companies are not laying off workers.

https://www.marketwatch.com/story/u-s-jobless-claims-fall-to…

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U.S. jobless claims plunge to lowest level since 1969

Keep in mind, that was with a population of only 202M, vs 329M now. Half a million guys were humping the boonies in Nam. Thousands more were swaning about in Germany and other NATO garrisons.

Isn’t the net wonderful? Found a table of active duty US military by year.

1969: 3,460,162

2014: 1,354,054

https://historyinpieces.com/research/us-military-personnel-1…

So, we have a population 127M larger, with 2M fewer in the service, but the Wendy’s I mention from time to time still can’t staff a full schedule. Pulled in there at 2pm a couple weeks ago. Closed.

Steve

1969: 3,460,162

2014: 1,354,054

Somewhere in there the ‘Wall’, came down, I was living in Germany, the whole thing was captured on 24/7 TV and would have been hard to fake. I met some of the people that had been living on the other side. One of the German Military draftee guys I worked with “Axle” brought them over to our table in the mess. The father spoke English … the thing he was most impressed with was they found the family a place to live that was fully equipped and “all of the appliances were the same colour”, they had just moved in.

Axle took be aside and told me his dad was the most excited of the lot at them moving as they thought he was rich and were freeloading big time while staying there.

Tim

So, we have a population 127M larger, with 2M fewer in the service, but the Wendy’s I mention from time to time still can’t staff a full schedule. Pulled in there at 2pm a couple weeks ago. Closed.

Not only that, but in 1969, about 70% of prime age (25-54) people were employed. Today, that number is almost 80%!

https://fred.stlouisfed.org/series/LNS12300060

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