Jobless claims fall to lowest level since 2007

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New claims for unemployment benefits fell 8,000 to 207,000 in the second week of July, the Department of Labor reported Thursday morning, the lowest such number since 1969.

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U.S. Jobless Claims Fall to Lowest Level in 5 Months Initial jobless claims decreased by 43,000 to a seasonally adjusted 265,000 in the week ended Jan. 24, the Labor Department said Thursday. That was the lowest level since April 2000. Economists.

 · This is the lowest level for initial claims since April 13th. It is the second straight weekly decline and the steepest since the week ended May 11th. According to unadjusted data, the biggest declines were recorded in California (-6,734); New Jersey (-6,023); Texas (-1,979) and Connecticut (-1,560) while the largest declines were seen in New York (+11,007); Michigan (+6,616); Kansas.

 · The claims report showed the number of people still receiving benefits after an initial week of aid fell 8,000 to 2.50 million in the week ended July 12, the lowest level since June 2007. The so-called continuing claims data covered the household survey week from which the unemployment.

 · At 196,000, jobless claims are at the lowest level since early October in 1969. Both the overall American economy and the labor market were much smaller in 1969. The American population is now 61 percent larger than the last time just 196,000 applied for initial unemployment benefit claims.

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The four-week moving average for unemployment claims was 332,000, also the lowest level since late 2007 and a decrease of 4,000 from the. So we could see jobless claims fall to below 300,000 per.

 · Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 199,000 for the week ended Jan. 19, the lowest level since mid-November in.

 · The source reports that jobless claims dropped to 300,000 in the week ending April 5, down about 32,000 from the previous reading. This is the least amount of jobless claims since May 2007-seven months prior to the Great Recession that left the U.S. economy badly damaged.

WASHINGTON (AP) – The number of newly laid-off workers filing claims for unemployment benefits last week fell to the lowest level in 10 months. adding to the 7.2 million lost since the recession.

This is the lowest level for this average since Oct. 6, 2007, when it was 302,000. The four-week moving average decreases the volatility of the weekly numbers.