Jobless Claims Fall to 259K

Posted on: September 8th, 2016 by ABC News No Comments

iStock/Thinkstock(WASHINGTON) — Jobless claims declined last week, with 4,000 less initial claims filed, according to the latest figures released Thursday by the Labor Department.

For the week ending Sept. 3, the number of people filing for benefits fell from an unrevised level of 263,000 the previous week to 259,000, marking the 79th consecutive week initial jobless claims came in below 300,000. It’s the longest streak since 1970, the Labor Department says.

The Labor Department said there were no “special factors” impacting that week’s figures.

The four-week moving average, however, decreased by 1,750 to 261,250.

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