Continuing Jobless Claims Unemployment Rate Graph

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BOTTOM LINE: The Continuing Jobless Claims Unemployment Rate, which closely tracks the US Unemployment Rate, remained steady this week at a historically low 2.1%. This is well below the long-term average of 2.9% and substantially lower than the 7.0% rate seen in May 1975. We are almost three years into the housing downturn and unemployment remains at healthy levels by historic standards.