U.S. Unemployment Claims Dip to 197,000, Lowest Since Mid-July
The four-week average also fell to 200,000 as businesses kept layoffs low, signaling a steady labor market ahead of the monthly jobs report.
- On Thursday, the Labor Department reported that initial American jobless claims fell to 197,000 for the week ended September 26, declining by 1,000 from the previous week's revised 198,000 and defying economist forecasts of 200,000.
- Businesses remain reluctant to reduce staff after COVID-19 lockdowns ended, keeping claims below 220,000 this year as American workers continue to enjoy job security despite economic headwinds.
- The four-week average of claims dropped by 2,500 to 200,000, while the American job market remained sturdy despite higher energy prices since the conflict with Iran began Feb. 28.
- FactSet forecasters anticipate the Labor Department will release its September jobs report next week, expecting employers added 90,000 positions with unemployment holding steady at 4.1%.
- Hiring remains well below the 166,000 monthly average recorded in 2023 and 2024, reflecting a cooling trend compared to the 491,000 monthly jobs added during the 2021-2022 hiring boom following COVID-19 lockdowns.
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U.S. jobless claims fall to 197,000 ahead of September employment report - FINCHANNEL
U.S. jobless claims fell to a seasonally adjusted 197,000 in the week ended September 26, the Labor Department said in its October 1 report. The advance total was 1,000 below the previous week’s revised level of 198,000. The four-week average declined by 2,500 to 200,000. The preceding average was revised upward by 250 to 202,500, so the latest comparison incorporates a revision rather than using the originally published figure. Initial claims a…
Historic low layoffs underpin labor market
WASHINGTON — New applications for unemployment benefits drifted close to 57-year lows last week and layoffs decreased in September, suggesting labor market stability persisted even as employers remained cautious about boosting hiring.
Breaking: Trump Economy Notches Win as US Jobless Numbers Plummet to Half-Century Low Last Seen in 1969
Unemployment claims in the U.S. remain at historic lows, with numbers last seen in 1969, when the country’s population was over 140 million less. The news is just the latest […]
U.S. Jobless Claims Fall To 197,000 As Trump Touts Economic Strength
New applications for unemployment benefits fell again last week, dropping to one of the lowest levels in decades and adding fresh evidence that the U.S. labor market remains resilient despite war-driven energy costs, tariffs and persistent concerns over inflation.
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