US Initial Claims Fall to 2-Month Low
2026-07-16 12:35
By
Andre Joaquim
1 min. read
The number of people claiming unemployment benefits in the US fell by 8,000 to 208,000 on the week to July 11th, well under expectations that it would increase to 217,000, to mark the lowest initial claim count in over two months.
Continuing claims, which are seen as a gauge of outstanding unemployment in the US, fell by 16,000 to 1,805,000 on the week to July 4th, under expectations of 1,820,000.
The improvements indicated that the labor market remains robust with low levels of firing, despite pressure from declining labor force growth.
Meanwhile, initial claims filed by federal employees, which have been under scrutiny due the administration's efforts in decreasing the number of public workers, rose by 20 to 424.