The Labor Department reported that 269,000 Americans have filed new claims for state unemployment benefits, a decrease of 14,000. This is the lowest level for initial claims since March 14, 2020 when it was 256,000.
The previous week’s level was revised up by 2,000 from 281,000 to 283,000. The four-week moving average was 284,750, a decrease of 15,000 from the previous week’s revised average. This is the lowest level for this average since March 14, 2020 when it was 225,500. The previous week’s average was revised up by 500 from 299,250 to 299,750.
Other data on the labor market has also