Jobless claims continue to lowest level in 44 years

Bloomberg:
Filings for unemployment benefits plunged last week to the lowest level since 1973 as workers affected by hurricanes Harvey and Irma continued to return to their jobs, Labor Department figures showed Thursday.
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The latest period also encompasses the reporting week that the Labor Department surveys for its October employment figures. Claims are at the lowest level in more than four decades, indicating employers have little desire to cut staffing levels amid a shortage of qualified workers.
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The effect of Trump's deregulation efforts appears to have increased job opportunities to a point not seen in decades.  It appears the unemployment problem was not structural but the result of over-regulation.

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