30.04.202612:43:19UTC+00US Initial Jobless Claims Lowest Since 1969

Initial jobless claims fell by 26,000 in the week ending April 25, dropping to 189,000—well below market expectations of 215,000 and the lowest level since 1969. Meanwhile, continuing claims, a proxy for the total number of people receiving unemployment benefits, declined by 23,000 to 1,785,000, the lowest reading in two years. New filings remained subdued despite previously announced layoffs at major companies such as Meta and Nike. Overall, the data reinforce recent evidence of a resilient US labor market, even after some temporary signs of strain earlier in the year.