📰 ET Markets ⚪ NEUTRAL 🕒 08 Oct 2026, 07:46 PM IST

US jobless claims hover near 57-year low for fourth consecutive week

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Core Development: US jobless claims hover near 57-year low for fourth consecutive week

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Market & Financial Impact: In a recent report, weekly unemployment claims saw a slight drop of 2,000, totaling 197,000, which suggests some stability within the job market. Nonetheless, nonfarm payroll growth remained disappointing, with just 29,000 jobs created in September. Additionally, there was an increase of 17,000 in ongoing unemployment benefits, highlighting challenges faced by new job seekers amid geopolitical uncertainties and a tightening labor pool.

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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

US jobless claims hover near 57-year low for fourth consecutive week

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