How low can unemployment claims go?

First-time claims for unemployment benefits fell to a 48-year low last week as the labor market shows further signs of tightening after years of steady growth.

Claims plummeted to 209,000, a decrease of 24,000 in the week through April 21, from the previous week’s 232,000, the lowest level since Dec. 6, 1969, the Labor Department reported on Thursday.

The four-week moving average, a better gauge of the labor market’s health, fell by 2,250 claims to 229,250.

The Hill’s Vicki Needham breaks down the data for us here. 

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