Jobs: US Jobless Claims Plunge To Lowest Tally Since 1973 -- Bloomberg -- On The One-Year Anniversary Of President Trump's First Year -- January 18, 2019

This is really quite incredible to have this record announced on the anniversary of President Trump's first year in office. From Bloomberg:

U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday. The figures suggest the unemployment rate of 4.1 percent, already the lowest since 2000, could be poised to decline further.

• jobless claims decreased by 41k to 220k (est. 249k); lowest level since Feb. 1973, biggest drop since April 2009 
• continuing claims rose by 76k to 1.952m in week ended Jan. 6 (data reported with one-week lag) 
• four-week average of initial claims, a less-volatile measure than the weekly figure, fell to 244,500 from the prior week’s 250,750

The data is likely to be revised significantly next week: claims this week were estimated for Arkansas, California, Hawaii, Kentucky, Maine, Puerto Rico, Virginia, and Wyoming

New York, unadjusted claims fell by 26,190 to 23,171. Wow, do the math. 26,190+23,171 = 49,361 last week. 26,190/49,361 = a decline of 53%. Wow.

California's unadjusted claims rose by 11,944 to 59,284. Again, the math: 59,284-11,994 = 47,290. 11,944 / 47,290 = a 25% increase in claims. Wow.