US EditionJobless claims tumble to 218,000, well below estimate despite fears of labor market weakness
Initial jobless claims fell by 14,000 to 218,000 last week, marking a two-month low amid continued low layoffs despite signs of labor market weakening.
- Thursday, the U.S. Department of Labor reported first-time filings fell to 218,000 for the week ending Sept. 20, down 14,000 to their lowest level in two months.
- Earlier this month, the Bureau of Labor Statistics issued a large revision showing U.S. employers added 911,000 fewer jobs in the 12 months ending in March 2025 and reported just 250,000 jobs in August.
- The four-week average of claims fell 2,750 to 237,500 while continuing claims edged down 2,000 to 1.926 million, keeping weekly applications within a historically low 200,000–250,000 range.
- The Federal Reserve lowered its benchmark rate last week by a quarter percentage point to a range of 4%-4.25%, citing rising downside risks to employment in recent months.
- Initial claims helped to calm some market fears as initial jobless claims below expectations eased caution at the Fed, but the July employment report’s weak gains and President Trump firing the head of the BLS stoked concerns.
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57 Articles
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