Jobless Claims Crash To New Lows Not Seen Since 1969

Just when you thought it couldn't get any 'better'... it does...

Initial Jobless Claims tumbled 15k to 210k this week - the lowest level since December 1969

As Bloomberg notes, the latest decline in weekly claims shows a tight labor market is increasingly pushing employers to hold on to existing staff amid a persistent shortage of qualified workers.

The last time jobless claims were this low, Nixon was president, US performed a nuclear test at its Nevada test site to which Russia responded by testing its own nukes, and The Jackson Five made their first appearance on the "Ed Sullivan Show."