US Weekly Initial Jobless Claims Fall to Lowest Since July at 196K

PANews, September 17 - According to Bloomberg, US initial jobless claims for the week ending September 12 fell to 196,000, down 10,000 from the previous week, marking the lowest level since July and indicating limited layoff pressure in the labor market. Continuing claims during the same period fell to 1.73 million, refreshing the lowest level since 2024. The report noted that the Labor Day holiday and back-to-school season may bring some seasonal volatility, but the overall trend shows that under a pattern of fewer layoffs and fewer hires, the US labor market remains relatively stable, and further tightening of monetary policy by the Federal Reserve could pose risks to this situation.