US Labor Market Shows Stability Despite Slower Hiring

US applications for unemployment benefits fell to their lowest level since July, indicating layoffs remain limited even as employers slow hiring, according to the Labor Department.

Initial jobless claims declined to 197,000 for the week ending September 26, from a revised 198,000 previously. The four-week average also dropped by 2,500 to 200,000. Claims have stayed below 220,000 for most of the year, reflecting relatively low layoffs.

The trend also contrasts sharply with the 491,000 monthly average during the 2021-22 post-pandemic hiring surge.

The September employment report is due next week. FactSet economists expect 90,000 new jobs and an unemployment rate of 4.1%.

Higher energy costs and economic uncertainty continue to weigh on hiring decisions.

Related Tweet:

U.S. unemployment claims dip to 197,000, lowest since mid-July @WashTimes https://t.co/Fyw4C0b1BF

— Washington Times Local (@WashTimesLocal) October 1, 2026

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tippinsightsTIPP Staff