US: Initial weekly jobless claims decrease by 10,000 to 203,000

“In the week ending September 1, the advance figure for seasonally adjusted initial claims was 203,000, a decrease of 10,000 from the previous week’s unrevised level of 213,000,” the U.S. Department of Labor announced on Thursday.

Key takeaways from the official publication

• This is the lowest level for initial claims since December 6, 1969 when it was 202,000.
• The 4-week moving average was 209,500, a decrease of 2,750 from the previous week’s unrevised average of 212,250. 
• The advance number for seasonally adjusted insured unemployment during the week ending August 25 was 1,707,000, a decrease of 3,000 from the previous week’s revised level.