Unemployment Benefit Claims Dipped Slightly Last Week as Layoffs Remain Low
Claims held near 57-year lows as employers kept workers on payrolls despite sluggish hiring and a September gain of just 29,000 jobs, economists said.
- The Labor Department reported Thursday that initial state unemployment claims fell to 197,000 for the week ended October 3, keeping jobless filings near 57-year lows.
- Claims have held near 57-year lows for four straight weeks, consistent with what economists described as a "low-hire, low-fire" labor market where employers retain workers despite sluggish hiring.
- Nonfarm payrolls increased just 29,000 jobs in September, while continuing claims rose 17,000 to 1.716 million and the unemployment rate ticked up to 4.2% last month.
- Federal Reserve minutes from September showed officials judged labor market conditions as stable and close to maximum employment, though policymakers raised the benchmark interest rate to 3.75%-4.00% last month.
- Economic uncertainty from tariffs and the US-Israeli war with Iran has pushed commodity prices higher, while median unemployment duration reached 11.5 weeks in September, near a 4-1/2-year high.
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U.S. Jobless Claims Drop to 197,000 as Layoffs Remain Near 57-Year Lows Despite Slower Hiring
New unemployment filings fell below economists' expectations for another week, reinforcing evidence that American employers are retaining workers despite persistent inflation, higher energy prices and ... The post U.S. Jobless Claims Drop to 197,000 as Layoffs Remain Near 57-Year Lows Despite Slower Hiring first appeared on [your]NEWS.
According to the Department of Labor report, the states that reported unemployment claims above 1,000 were California and Illinois.
MONEY & BUSINESS: Unemployment benefit claims dipped slightly last week as layoffs remain low – One America News Network
By CHRISTOPHER RUGABERUpdated 6:15 AM PDT, October 8, 2026 A hiring sign is displayed at a food court in a grocery store, in Schaumburg, Ill., Wednesday, Sept. 16, 2026. (AP Photo/Nam Y. Huh) WASHINGTON (AP) — The number of people applying for U.S. unemployment benefits fell slightly last week as layoffs remain low and most American workers enjoy job security. The Labor Department said Thursday that initial jobless claims ticked down to 197,000 …
The Economic Times
US weekly jobless claims fall as layoffs remain low
Claims have held near 57-year lows for four straight weeks, consistent with what economists said remained a "low-hire, low-fire" labor market. Nonfarm payrolls increased by a paltry 29,000 jobs in September, the government reported last week.
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