US initial jobless claims dropped -14k to 340k in the week ending August 28, better than expectation of 351k. That’s the lowest level since march 14, 2020. Four-week moving average of initial claims dropped -12k to 355k, lowest since March 2020 too.
Continuing claims dropped -160k to 2748k in the week ending August 21, lowest since March 14, 2020. Four-week moving average of continuing claims dropped -58k to 2855k, lowest since March 21, 2020.
