According to a recent report from the Labor Department, in the week ending July 5, the advance figure for seasonally adjusted initial unemployment insurance claims was 304,000, a decrease of 11,000 from the previous week’s unrevised level of 315,000.

The Labor Department said the four-week moving average was 2,571,250, a decrease of 7,750 from the previous week’s revised average. This is the lowest level for this average since October 27, 2007 when it was 2,561,750.

To view the full Labor Department report, click here.