US Jobless Claims Rise to 197,000 But Layoffs Remain Historically Low

NewsData.io · United States · Jul 30, 2026

Initial unemployment filings rose by 9,000 to 197,000 for the week ending July 25, below analyst forecasts of 207,000, while the prior week's reading of 188,000 was the lowest in over 50 years. Despite a still-healthy labor market, headwinds are mounting: PCE inflation sits at 3.7%, GDP grew at a sluggish 1.5% in Q2, and June's jobs report showed only 57,000 new hires — less than half the prior month. Analysts warn that elevated energy costs tied to the U.S.-Iran conflict, persistent inflation, and potential Fed rate hikes could pressure companies to reduce headcounts. Major employers including Verizon, UPS, Amazon, Disney, and Microsoft have already trimmed workforces, signaling cautious hiring conditions staffing agencies should monitor closely.