Fewer Americans applied for unemployment benefits last week, highlighting the strength of job security as 2026 begins.
The Department of Labor said Thursday that 198,000 Americans filed first-time claims for state jobless benefits, a historically low figure. Claims have only come in this low in six weeks since the pandemic struck in 2020.
In data going back to 1967, jobless claims have only been this low or lower around 2.5 percent of the time.
Economists had expected 212,000 initial claims. The prior week’s figure was revised down from 208,000 to 207,000.
Jobless claims can be volatile week-to-week so many economists look to the four-week…
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