The last time the number was this low, I was in grad school.
The four-week average of claims, a less-volatile measure than the weekly figure, dropped to 253,500, the lowest since December 1973, from 256,000 in the prior week.
The number of people continuing to receive jobless benefits declined by 6,000 to 2.06 million in the week ended Sept. 24. The unemployment rate among people eligible for benefits held at 1.5 percent. These data are reported with a one-week lag.