US weekly jobless claims decline as labor market remains stable
Published on April 16, 2026.
The number of Americans filing claims for unemployment benefits fell last week, indicating a stable labor market. Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 207,000 for the week ended April 11. Economists had predicted 215,000 claims for the latest week. While layoffs remain low, the oil price shock from the U.S.-Israel war with Iran could hinder hiring. The Federal Reserve's Beige Book report noted increased demand for temporary or contract workers, as firms remained cautious about committing to permanent hires. The number of people receiving unemployment benefits after an initial week of aid increased by 31,000.
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