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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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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