The American job market remains robust! Last week, initial jobless claims unexpectedly dropped to a new low in decades.

According to the Wise Finance APP, the number of initial unemployment claims in the United States unexpectedly dropped to the lowest level in decades last week, indicating that the layoff announcements made by companies have not yet substantially translated into actual job cuts. Data released by the U.S. Department of Labor on Thursday showed that the number of initial unemployment claims for the week ending April 25 decreased by 26,000 to 189,000, the lowest level since 1969, below the market expectation of 212,000 and the revised previous value of 215,000. In addition, the number of continued unemployment claims for the week ending April 18 was 1.785 million, the lowest level in two years, below the market expectation of 1.815 million and the revised previous value of 1.808 million. The four-week moving average of initial unemployment claims for the week ending April 25 was 207,500, with a revised previous value of 211,000.