In the week ending May 2nd, initial jobless claims were at a seasonally adjusted level of 200,000.
The four-week moving average currently stands at 203,250, down 4,500 from the previous week and the lowest level in over two years.
In the week ending April 25th, continuing jobless claims were at a seasonally adjusted level of 1,766,000, the lowest level in over two years.
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By Jennifer Nash
Initial jobless claims measure the number of people who file for unemployment for the first time in a given week. In the week ending May 2nd, initial jobless claims were at a seasonally adjusted
