US initial jobless claims dropped -35k to 310k in the week ending September 4, better than expectation of 343k. Four-week moving average of initial claims dropped 16.75k to 339.5k. Both were the lowest level since March 14, 2020.
Continuing claims dropped -22k to 2783k in the week ending August 28, lowest since March 14, 2020. Four-week moving average of continuing claims dropped -29k to 2840k, lowest since March 21, 2020.
