Jobless Claims Come in at Pre-Pandemic Levels

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The Labor Department reported that 184,000 Americans have filed new claims for state unemployment benefits, a decrease of 43,000 from the previous week’s revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week’s level was revised up by 5,000 from 222,000 to 227,000. The four-week moving average was 218,750, a decrease of 21,250 from the previous week’s revised average. This is the lowest level for this average since March 7, 2020 when it was 215,250. The previous week’s average was revised up by 1,250 from 238,750 to 240,000.

Last week,

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