US: Initial claims was 207,000, a decrease of 8,000 from the previous week

“In the week ending July 14, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 8,000 from the previous week’s revised level,”  the U.S. Department of Labor announced on Thursday.

Key quotes

• This is the lowest level for initial claims since December 6, 1969 when it was 202,000.
• The 4-week moving average was 220,500, a decrease of 2,750 from the previous week’s revised average.  
• The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending July 7, unchanged from the previous week’s unrevised rate.
• The advance number for seasonally adjusted insured unemployment during the week ending July 7 was 1,751,000, an increase of 8,000 from the previous week’s revised level.