“In the week ending September 8, the advance figure for seasonally adjusted initial claims was 204,000, a decrease of 1,000 from the previous week’s revised level. ” the U.S. Department of Labor announced on Thursday.
Key takeaways from the official publication
- This is the lowest level for initial claims since December 6, 1969 when it was 202,000.
- The previous week’s level was revised up by 2,000 from 203,000 to 205,000.
- The 4-week moving average was 208,000, a decrease of 2,000 from the previous week’s revised average.
- The advance number for seasonally adjusted insured unemployment during the week ending September 1 was 1,696,000, a decrease of 15,000 from the previous week’s revised level.