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April 21, 2000
Unemployment Hits 27 Year Low - Pressure on Hiring Continues
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you have been looking for some good news about your hard to fill jobs, this won't be your week. The government has just released unemployment figures, which show a 27-year low for unemployment claims. In the week ending April 15, the advance figure for seasonally adjusted initial claims was 257,000, a decrease of 9,000 from the previous week's revised figure of 266,000. Initial claims are now at the lowest level since Dec. 1, 1973, when claims were at 256,000.

The 4-week moving average was 262,500, a decrease of 1,500 from the previous week's revised average of 264,000. That is the lowest figure since Dec. 15, 1973, when claims stood at 256,750

The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending April 8, unchanged from the prior week's unrevised rate of 1.6 percent. The advance unadjusted insured unemployment rate was 1.7 percent during the week ending April 8, also unchanged from the prior week.

States in the news

North Carolina, Delaware, Maine and Oklahoma were the states showing big decreases in unemployment claims, whereas Texas showed the biggest increase (attributed to layoffs in the lumber industry).

To view the DOL's unemployment figures go to:

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