The US four-week moving average of initial claims for unemployment insurance fell by 7,750 last week to a total of 297,000 from the previous week’s unrevised average, according to seasonally adjusted numbers released today by the US Department of Labor.

The four-week moving average decreases the volatility of the weekly numbers. Total initial claims for unemployment insurance for the week ended March 21 fell by 9,000 to a total of 282,000 from the previous week’s unrevised level.

Bloomberg reported claims were at their lowest level since mid-February.