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Economic Data Brief |
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Labor market
Initial Jobless Claims — week ending July 25, 2026
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| Initial claims rose by 9,000 in week ending July 25, 2026 to 197,000, −22,000 from a year ago. Prior week: 188,000. Prior periods were revised in 5 series — figures below reflect that. | |
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Initial claims
197,000
▲ +9,000 m/m
· −22,000 y/y
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4-week avg
202,750
▼ −5,000 m/m
· −18,750 y/y
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Continuing
1,782,000
▼ −7,000 m/m
· −154,000 y/y
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| Revision check| REVISIONS DETECTED (5) — since first published. Every change below is calculated on the revised figures. | | Initial claims · week ending July 18, 2026 | 187,000 | → | 188,000 | ▲ +1,000 | | Initial claims · week ending July 11, 2026 | 208,000 | → | 209,000 | ▲ +1,000 | | Continuing claims · week ending July 11, 2026 | 1,796,000 | → | 1,789,000 | ▼ −7,000 | | Continuing claims · week ending July 4, 2026 | 1,805,000 | → | 1,798,000 | ▼ −7,000 | | Initial claims, 4-week average · week ending July 11, 2026 | 214,250 | → | 214,750 | ▲ +500 |
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Key figures| Headline → | week ending July 25, 2026 | week ending July 18, 2026 | M/M chg | M/M % | Y/Y chg | Y/Y % | 12-period trend |
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| Initial claimsREVISED SA, week ending — the first read on new layoffs | 197,000 | 188,000 | ▲ +9,000 | ▲ +4.8% | ▼ −22,000 | ▼ −10.0% | | | Initial claims, 4-week averageREVISED smooths the weekly noise — the number worth watching | 202,750 | 207,750 | ▼ −5,000 | ▼ −2.4% | ▼ −18,750 | ▼ −8.5% | | | Continuing claimsREVISED reported one week behind initial claims | 1,782,000 | 1,789,000 | ▼ −7,000 | ▼ −0.4% | ▼ −154,000 | ▼ −8.0% | | | Continuing claims, 4-week average | 1,797,500 | 1,803,500 | ▼ −6,000 | ▼ −0.3% | ▼ −147,000 | ▼ −7.6% | | | Trend bars show the level over the last 13 periods; the latest period is highlighted. |
What stood out- Initial claims, 4-week average: 5 straight weeks of decline.
- Continuing claims: 3 straight weeks of decline.
- Continuing claims, 4-week average: 3 straight weeks of decline.
Sources |
Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-08-03 15:58 UTC. Green marks an
increase, red a decrease — direction only, not good or bad.
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