US initial jobless claims dropped -3k to 201k in the week ended September 15, below expectation of 210k. It’s also the lowest level since November 15, 1969, when it was 197k. The four week moving average of initial claims dropped -2.25k to 205.75k, lowest since December 6, 1969.
Continuing claims dropped -55k to 1.645m in the week ended September 8. It’s the lowest level since August 4, 1973. Four-week moving average of continuing claims dropped -20.75k to 1.6915m, lowest since November 17, 1973.
Philly Fed business outlook diffusion index for current general activity rose 11 pts to 22.9 in August. , above expectation of 16.3. Six-month indicator dropped to 36.3, down from 38.8.
