Unemployment claim data - Week Ended July 16, 2016

Jobless claims dropped 1,000 to 253,000 in the week ended July 16, according to a Labor Department report released Thursday. Weekly claims have been below 300,000 for 72 straight weeks, the longest period since 1973.

Although jobless claims have been low for 72 weeks, that does not mean employers should not continue to be vigilant in managing this significant cost. Managing Unemployment Insurance during the good times helps to set a solid precedent that will help you to be more effective during the downturns.

Contact UI Steward for more information on how to effectively manage this cost.