Initial Jobless Claims Hit 14-Year Low Last Week

Washington, DC, Sept. 18, 2014 –Initial claims for unemployment benefits fell last week to 280,000, a 14-year low.

That was down from the previous week’s revised reading of 316,000.

The four-week moving average of initial jobless claims fell back below 300,000 to 299,500, down 4,750 from last week’s average.

Continuing claims also fell to 2,429,000, which was the lowest level since May 19, 2007.