Source: Quartz
“The Labor Department reported Thursday that seasonally adjusted initial jobless claims fell by 1,000 to 197,000 for the week ending September 26, the lowest reading since mid-July. The prior week’s figure was revised up by 1,000, from 197,000 to 198,000. The four-week moving average of claims slipped 2,500 to land at 200,000, a level that irons out the noise of weekly fluctuations. That figure was also revised up by 250 from the prior week, to 202,500. Continuing claims — a measure of insured unemployment and a proxy for the number of people currently receiving benefits — fell by 11,000 to a seasonally adjusted 1.701 million for the week ending September 19, the lowest since March 2023, according to Bloomberg. The insured unemployment rate held at 1.1%.” (10/01/260
https://qz.com/us-jobless-claims-197000-lowest-mid-july-100126