U.S. Jobless Claims Unexpectedly Edge Lower
By Dean Seal
U.S. jobless claims were subdued again last week, defying forecasts for an uptick as the labor market remains slow but sturdy.
The number of people who filed for unemployment benefits was 194,000 in the week through Oct. 24, 1,000 lower than the revised 195,000 reported a week earlier, the Labor Department said Thursday. Economists surveyed by The Wall Street Journal were expecting to see 200,000 new claims.
Continuing claims, which scale with the total size of the unemployed population, totaled about 1.7 million in the week through Oct. 17, falling by 21,000 from the downwardly revised total a week earlier. The data on continuing claims lag the initial-claims data by a week.
Federal Reserve Chairman Kevin Warsh said Wednesday that the job market is broadly stable and unemployment is running its the lowest level "in generations." That data point increases the likelihood that the central bank will raise interest rates later this year as inflation continues to run above its 2% target.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
October 29, 2026 09:05 ET (13:05 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
5 Stocks to Buy Trading at Big Discounts
2 Undervalued Stocks to Buy With Long-Term Growth Ahead
What 7 Key Market Indicators Are Telling Investors Right Now
Don’t Overlook the Income Side of Fixed Income
United States