Initial jobless claims dropped to 280,000 for the week ending Sept. 13, dramatically better than expectations of 305,000, the lowest since 2000.

The prior week was upwardly revised leaving a 36,000 drop this week – the biggest percentage drop in nine years.

The rolling four-week average, considered a better measure because it avoids week-to-week volatility in the weekly measure, came in below 300,000.

Continuing claims also continue to move lower. Continuing claims, in lagging data for the September 6 week, fell 63,000 to a new recovery low of 2.429 million.

The continuing claims four-week average is down 18,000 to 2.482 million, also a recovery low. And the unemployment rate for insured workers is also at a recovery low, down 1 tenth to 1.8%.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please