US Jobless Claims Fall to 197K, Signaling Labor Market Resilience
Key Facts
US initial jobless claims fell to 197,000 for the week ending September 26. ActionForex reported that the figure came in slightly below the consensus estimate of 199,000, while the four-week moving average dropped to 200,000, indicating that layoffs remain at historically low levels.
Data from the US Department of Labor suggests continued tightness in the labor market, as insured unemployment fell to 1.701 million for the week ending September 19. These figures support the US Dollar and Treasury yields, providing no immediate signs of economic weakness ahead of the upcoming Non-Farm Payrolls report.
Latest Updates · 2
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Update: The S&P Global Manufacturing PMI reached its highest level since May 2022, driven by a surge in domestic demand and investment in AI-related equipment. Additionally, continuing jobless claims fell to their lowest level since March 2023, while Hawaii recorded the largest decline in new claims last week.
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Update: The US ISM Manufacturing PMI recorded 54.5 in September 2026, slightly missing expectations. However, the Prices Paid index within the report surged to 77.9, indicating rising cost pressures in the manufacturing sector alongside continued labor market resilience.