Yet, it is the 73rd straight week initial claims are below 300,000, the longest streak since 1973.
The 4-week moving average decreased by 1,000 from the previous week's revised average of 257,500.
The advance seasonally adjusted insured unemployment rate was 1.6 percent for the week ending July 16, an increase of 0.1 percentage point from the previous week's unrevised rate.
The number for seasonally adjusted insured unemployment during the week ending July 16 was 2,139,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up 4,000 from 2,128,000 to 2,132,000.
The 4-week moving average was 2,135,250, a decrease of 7,000 from the previous week's revised average. This is the lowest level for this average since November 11, 2000 when it was 2,119,750. The previous week's average was revised up by 1,000 from 2,141,250 to 2,142,250.