Jobless Claims Drop 3,000 To 450,000 in Week

WASHINGTON — Initial jobless claims fell by 3,000 filings during the week ending Sept. 11 to 450,000, the lowest level since July, the Labor Department reported Thursday. Continuing claims fell to 4.485 million for the week ending Sept. 4.

Economists expected 460,000 initial claims and 4.46 million continuing claims, according to the median estimate from Thomson Reuters.

Initial claims for the week ending Sept. 4 were revised higher to 453,000 from 451,000 reported last week. Continuing claims were revised to 4.511 million from 4.478 million.

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