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Record Low: U.S. Jobless Claims Plummet to 216,000, Hitting Lowest Level Since February

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Initial Jobless Claims Fall to Lowest Level Since February

Introduction

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The Numbers

Initial jobless claims fell by 13,000 to 216,000 in the week ended Sept. 2, according to the Labor Department. This is the lowest level since mid-February.

Economists’ Estimates

Economists polled by The Wall Street Journal had estimated new claims would rise 2,000 to 230,000. Last week claims fell a revised 3,000 to 229,000. That compared with the initial estimate of a decrease of 4,000 to 228,000.

Claims Falling Continuously

Claims have fallen for four weeks in a row.

Key Details

The number of people already collecting jobless benefits in the week ended Aug. 26 fell by 40,000 to 1.68 million.

The four-week moving average fell by 8,500 to 229,500. That’s the lowest since July.


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