Jobless Claims Hit Lowest Level Since 1969
Washington, DC, April 4, 2019-In the week ending March 30, the advance figure for seasonally adjusted initial claims was 202,000, a decrease of 10,000 from the previous week's revised level, according to the Department of Labor. This is the lowest level for initial claims since December 6, 1969 when it was 202,000.
The previous week's level was revised up by 1,000 from 211,000 to 212,000. The four-week moving average was 213,500, a decrease of 4,000 from the previous week's revised average. The previous week's average was revised up by 250 from 217,250 to 217,500.
The advance seasonally adjusted insured unemployment rate was 1.2% for the week ending March 23, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending March 23 was 1,717,000, a decrease of 38,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 1,756,000 to 1,755,000. The four-week moving average was 1,743,250, a decrease of 8,000 from the previous week's unrevised average of 1,751,250.