Skip to main content
See every side of every news story
Published • loading... • Updated

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.
Insights by Ground AI

92 Articles

fredericksburg.comfredericksburg.com
+5 Reposted by 5 other sources
Center

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.

·Cherokee County, United States
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 51% of the sources are Center
51% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Recruiting Headlines broke the news on Thursday, October 1, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal