Jobless Claims in US – The last time initial claims were this low was May 12, 2007 says DOL

In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week’s revised level. The last time initial claims were this low was May 12, 2007 when they were 297,000. The previous week’s level was revised up by 6,000 from 326,000 to 332,000. The 4-week moving average was 316,250, a decrease of 4,750 from the previous week’s revised average. The previous week’s average was revised up by 1,500 from 319,500 to 321,000. 

There were no special factors impacting this week’s initial claims.

The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending March 29, a decrease of 0.1 from the previous week’s unrevised rate of 2.2 percent. The advance number for seasonally adjusted insured unemployment during the week ending March 29 was 2,776,000, a decrease of 62,000 from the previous week’s revised level. The last time insured unemployment was this low was January 19, 2008 when it was 2,770,000. The previous week’s level was revised up 2,000 from 2,836,000 to 2,838,000. The 4-week moving average was 2,824,250, a decrease of 18,500 from the previous week’s revised average. The last time this average was this low was February 9, 2008 when it was 2,817,750. The previous week’s average was revised up by 500 from 2,842,250 to 2,842,750.