8:55 am Initial Claims Fall to Lowest Level Since Early 2006
The initial claims level fell to 284,000 for the week ending July 19 from an upwardly revised 303,000 (from 302,000) for the week ending July 12. The Briefing.com consensus expected the initial claims level to increase to 308,000.
This week's drop in claims brought the overall level to its lowest point since February 2006. The four-week moving average is now down to its lowest level since May 2006.
The DOL stated that there were no special factors that caused the initial claims level to suddenly drop over the past …More