U.S. Jobless Claims Fall to 196,000, Lowest Since July
Initial U.S. unemployment claims fell by 10,000 to 196,000 in the week ending Sept. 12, the lowest level since July and below economists’ expectations. The four-week average also declined to 203,250, indicating that layoffs remain historically low and the labor market broadly stable. Hiring has continued but at a slower pace than in recent years, with employers adding an average of about 80,000 jobs per month this year. The claims data included the Labor Day period, when holiday-related fluctuations can affect the figures.
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