Claims for unemployment benefits drop to 196,000, lowest since mid-July as layoffs remain low
The four-week average fell to 203,250, and economists said the low claims level suggests layoffs remain rare despite modest hiring.
- The Labor Department reported Thursday that jobless claims fell to 196,000, the fewest since mid-July and down from 206,000 the prior week, signaling that layoffs remain rare.
- Despite higher gasoline prices squeezing businesses and consumers since fighting with Iran began Feb. 28, The American job market has remained sturdy and resilient.
- Economists surveyed by FactSet expected 207,500 claims, while the four-week average dropped to 203,250, reinforcing that weekly claims have stayed within a historically low 200,000 to 230,000 range.
- Employers added an average 80,000 jobs monthly this year, including 162,000 in August, though growth remains below the 166,000 average in 2023 and 2024 when President Donald Trump's policies discouraged hiring.
- Businesses remain reluctant to release staff, recalling the labor shortages that followed COVID-19 lockdowns, explaining why hiring continues modestly despite economic pressures.
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Weekly Jobless Claims Fall Below 200,000 as 2026 Average Reaches 57-Year Low
New U.S. unemployment claims dropped to 196,000 last week, below economists’ expectations, while the 2026 year-to-date average fell to its lowest comparable level since 1969. The post Weekly Jobless Claims Fall Below 200,000 as 2026 Average Reaches 57-Year Low first appeared on [your]NEWS.
US Unemployment Claims Slide Below 200,000 for 5th Time This Year - The Thinking Conservative News
Continuing jobless claims fell to their lowest level in almost three years. The number of Americans filing unemployment benefit claims fell below 200,000 for the fifth time this year, according to new government data. Initial jobless claims fell by 10,000 to 196,000 for the week ending Sept. 12, from 206,000 in the previous week, according […]
Unemployment claims drop suddenly, fewest since July – The Horn News
The number of people applying for unemployment benefits dropped sharply last week, another sign that layoffs remain rare and most Americans enjoy job security. The Labor Department reported Thursday that jobless claims slid to 196,000, the fewest since mid-July and down from 206,000 the week before. The four-week average of... Read More The post Unemployment claims drop suddenly, fewest since July appeared first on The Horn News - Proudly Ameri…
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