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“In the week ending September 15, the advance figure for seasonally adjusted initial claims was 201,000, a decrease of 3,000 from the previous week’s unrevised level of 204,000,” the U.S. Department of Labor announced on Thursday.

Key takeaways from the press release

  • This is the lowest level for initial claims since November 15, 1969 when it was 197,000.  
  • The 4-week moving average was 205,750, a decrease of 2,250 from the previous week’s  unrevised average of 208,000.
  • The advance number for seasonally adjusted insured unemployment during the week ending September 8 was 1,645,000, a decrease of 55,000 from the previous week’s revised level.  
    •  This is the lowest level for insured unemployment since August 4, 1973 when it was 1,633,000.