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The last time this few Americans were filing for unemployment benefits, Creedence Clearwater Revival topped the music charts, while "Butch Cassidy and the Sundance Kid" was the star of the box office.
Driving the news: Only 187,000 people filed new claims for unemployment insurance benefits last week, pointing to an astoundingly low level of firings across the economy. It was the lowest since September 1969.
Why it matters: There are plenty of gloomy warnings about the labor market, including that the proliferation of AI will lead to widespread layoffs. We appear to be far from that reality.
