Jobless claims for the week ended Oct. 11 printed at 264,000, a drop of 23,000 from the previous week’s revised level of 287,000, the U.S. Department of Labor’s latest unemployment insurance report said.
This is the lowest level for initial claims since April 15, 2000 when it came in at 259,000.
Additionally, the 4-week moving average was 283,500, dropping 4,250 from the previous week's unrevised average of 287,750.
This is the lowest level for this average since June 10, 2000 when it was 283,500.
There were no special factors impacting this week's initial claims.