Source: MarketWatch
“The most accurate tool to track job losses in the economy has been postponed for a second week in a row, but a little legwork finds that layoffs are still surprisingly low even in these economically uncertain times. A pair of Wall Street firms estimate that initial jobless claims rose slightly to 224,000 in the week ended Sept. 27 from 218,000 in the prior week. The government shutdown began just a few days later. That would leave the number of new unemployment filings near the low point for the year. In short, the U.S. is still experiencing what economists call a ‘low-hire, low-fire’ labor market. Most businesses aren’t adding jobs, but they aren’t cutting many, either. The two Wall Street firms, Goldman Sachs and Oxford Economics, drew up their estimates after looking at publicly released data from all states and territories.” (10/09/25)