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