Initial U.S. jobless claims for the week ending October 10 rose by 1,000 to 199,000, and the four-week average climbed 250 to 198,500, the Labor Department said, a level that remains historically low and suggests most companies are holding onto workers. Hiring has been sluggish, creating a 'low-hire, low-fire' job market: September job gains were just 29,000, down from 133,000 in August and below forecasts, while the unemployment rate ticked up to 4.2% last month. Slower population growth and lower immigration mean the economy needs fewer jobs each month to keep unemployment low. Concerns remain that higher borrowing costs and energy-driven inflation could push businesses to cut jobs, and Kroger said this week it would lay off about 3,000 corporate employees over three years. The total number of Americans filing for benefits in the week ending October 3 fell by 4,000 to 1.71 million.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/14/2026 | 102.52 |
| Change that session | +0.32% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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