Business
CROSS-SPECTRUMBROAD COVERAGE
Initial jobless claims drop to lowest level since mid-July
Weekly initial unemployment claims fell to 197,000, the lowest figure recorded since mid-July, indicating strong job security.
For the week ending September 26, seasonally adjusted initial jobless claims declined by 1,000 to 197,000, according to Labor Department data. The four-week moving average also slipped to 200,000, down 2,500 from the prior revised average. Throughout the year, claims have stayed below 220,000, a historically low threshold, suggesting a tight labor market.
How this was covered
- Right-leaning outlets covered this 2h later
Why it matters
Falling jobless claims signal a strong labor market and reduced risk of layoffs for workers.
In this story
unemployment claimsjob securityinitial jobless claimsseasonally adjustedLabor Departmenthistoric low
