Jobless claims fall to lowest level since 2007

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Trend Points to Continued Improvement in Labor Market. Initial jobless claims, a proxy for layoffs, decreased by 15,000 to a seasonally adjusted 320,000 in the week ended Aug. 10, the Labor Department said Thursday. The was the lowest level since October 2007, a time of financial turmoil but about two months before the formal onset of the recession.

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First-time jobless. claims dropped precipitously last week to 253,000, well below the 270,000 forecast and the prior week’s 267,000 reading. It’s the lowest level in over 40 years, reports Ian.

Jobless claims fall to 49-year low for third straight week. U.S. filings for jobless claims fell 3,000 to a seasonally adjusted 201,000 in the week ended Sept. 15, the lowest level since Nov.

The number of Americans filing new claims for unemployment benefits rose a bit more than expected last week, but remained at levels consistent with tightening labor market conditions. The Labor Department said on Thursday that initial claims for state unemployment benefits increased 4,000, to a seasonally adjusted 302,000 for the week ended Aug. 30th.

"This is the lowest level for this average since October 6, 2007 when it was 302,000," they noted. "The lower claims reading during the April nonfarm payroll survey week suggests that labor markets should continue to strengthen during the month, with last month’s survey period claims reading coming in at a much higher 330K," said TD.

April’s sharp drop in jobless claims brought the four-week average of weekly unemployment insurance applications down to 207,000, the lowest level since December 1969.

 · That’s the lowest number of applications since late February. The four-week average, a less volatile measure, fell for the ninth time in 11 weeks to.

Initial claims for state unemployment benefits fell 5,000 to a seasonally adjusted 359,000, the lowest level since April 2008, the Labor Department said on Thursday. The report included revisions for.

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Jobless claims fall to lowest level since 2007. timothy martin.. 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.. the lowest such number since 1969. Where are the.

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First-time claims for unemployment benefits for the week ending Feb. 25 decreased 19,000 to a seasonally adjusted 223,000, the lowest level since March 31, 1973, the Labor Department reported on.