The Labor Department reported that 310,000 Americans have filed new claims for state unemployment benefits. This is the lowest level for initial claims since March 14, 2020, when it was 256,000. Claims were expected to total 335,000 for the week ended Sept. 4, according to economists surveyed by Dow Jones. The previous week’s level was revised up by 5,000 from 340,000 to 345,000. The four-week moving average was 339,500, a decrease of 16,750 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