Claims Fell in Sept. 1 Week To Low­est Level Since 1969

The Bond Buyer - - Market News - — Mar­ket News In­ter­na­tional

Ini­tial claims for U.S. state un­em­ploy­ment ben­e­fits fell by 10,000 to 203,000 in the Sept. 1 week, be­low the 210,000 level ex­pected by an­a­lysts in an MNI sur­vey and the low­est since the Dec. 6, 1969, week, data re­leased by the La­bor De­part­ment Thurs­day showed.

The claims level in the pre­vi­ous week was un­re­vised from the pre­vi­ously re­ported 213,000 level.

A bet­ter mea­sure for the un­der­ly­ing trend of the data is the four-week mov­ing av­er­age for ini­tial claims. The av­er­age fell by 2,750 to 209,500 in the Sept. 1 week, the low­est since the Dec. 6, 1969, week when it was 204,500.

The level of con­tin­u­ing claims fell by 3,000 to 1.707 mil­lion in the Aug. 25 week. Be­fore sea­sonal ad­just­ment, con­tin­u­ing claims fell by 27,788 to 1.596 mil­lion, re­main­ing be­low the 1.812 mil­lion level a year ear­lier.

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