The number of people claiming unemployment benefits for the first time in the US fell to its lowest level since July last week, further indicating that the labor market remains stable. According to data released by the US Department of Labor on Thursday, the number of first-time jobless claims dropped by 10,000 to 196,000 in the week ending September 12. This statistical period includes Labor Day, and data may fluctuate around the holidays. Economists surveyed by Bloomberg estimated a median estimate of 207,000 people. The number of people continuing to claim unemployment benefits fell to 1.73 million the week before, the lowest level since 2024.

The number of people claiming unemployment benefits for the first time in the US fell to its lowest level since July last week, further indicating that the labor market remains stable. According to data released by the US Department of Labor on Thursday, the number of first-time jobless claims dropped by 10,000 to 196,000 in the week ending September 12. This statistical period includes Labor Day, and data may fluctuate around the holidays. Economists surveyed by Bloomberg estimated a median estimate of 207,000 people. The number of people continuing to claim unemployment benefits fell to 1.73 million the week before, the lowest level since 2024.