Initial jobless claims fell by 6,000 to 194,000 in the week ending Saturday, near their lowest level in almost six decades, suggesting employers are largely holding onto workers. However, nonfarm payrolls rose by just 29,000 in September, the unemployment rate was 4.2%, and job gains averaged 45,000 a month over the past 12 months. Job openings were about 7.1 million in August, but the hiring rate was only 3.3% and the quits rate 1.9%, reflecting what economists call a 'low-hire, low-fire' market. Continuing claims rose 25,000 to about 1.73 million for the week ending Oct. 10, as the Federal Reserve prepares to meet on Tuesday and Wednesday amid inflation pressures linked to the war with Iran and higher energy prices.
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DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
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