US initial jobless claims fell to 215,000 last week, signaling continued labor-market resilience despite weak sentiment. Weekly initial-claims levels have shown almost no net change over the past five years. Continuing claims rose but remain well below the cycle peak seen last autumn. Overall, these data do not show the deterioration signaled by recent sentiment surveys.

2026-07-02

US initial jobless claims fell to 215,000 last week, signaling continued labor-market resilience despite weak sentiment. Weekly initial-claims levels have shown almost no net change over the past five years. Continuing claims rose but remain well below the cycle peak seen last autumn. Overall, these data do not show the deterioration signaled by recent sentiment surveys.