Jobless Claims in US – 284,000, the lowest in more than eight years

In the week ending July 19, the advance figure for seasonally adjusted initial claims was 284,000, a decrease of 19,000 from the previous week’s revised level. This is the lowest level for initial claims since February 18, 2006 when they were 283,000. The previous week’s level was revised up by 1,000 from 302,000 to 303,000. The 4-week moving average was 302,000, a decrease of 7,250 from the previous week’s revised average. This is the lowest level for this average since May 19, 2007 when it was 302,000. The previous week’s average was revised up by 250 from 309,000 to 309,250.

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

Chosen excerpts by Job Market Monitor. Read the whole story at Unemployment Insurance Weekly Claims Report via U.S. Department of Labor.

Jobless claims lowest in more than eight years 

The number of unemployed workers applying for jobless benefits tumbled in the most recent weekly data to the lowest level in more than eight years, signaling that employers are letting go of very few workers.

Source: Jobless claims lowest in more than eight years – Economic Report – MarketWatch.