U.S. jobless claims fall to 197,000, near 57-year lows

U.S. initial jobless claims fell to 197,000 for the week ending September 19, according to data from the U.S. Department of Labor. This figure outperformed economist forecasts and represents levels not seen since 1969.

The data indicates a period of sustained low layoffs, with the 2026 year-to-date average of 209,947 weekly claims being the third lowest in historical records, following only 1968 and 1969. The four-week moving average of claims also declined to 202,250.

While the labor market shows resilience, analysts note that hiring activity remains modest as businesses exercise caution. The unemployment rate remained steady at 4.1% in August/September. Factors such as seasonal adjustments and global economic pressures, including energy price fluctuations, continue to influence the broader economic landscape.