TenQ · breakdowns

Who just lost a jobBreakdown

Every other labour number is weeks old. This one is days old.

0500,000Jun '21Jan '22Aug '22Mar '23Oct '23May '24Dec '24Jul '25Feb '26Sep '26Initial claims 206,000

First claims for unemployment insurance have averaged 206,000 a week in September 2026. It is the only labour figure that arrives within days rather than weeks, which is why it turns before the unemployment rate does.

Source: FRED, Federal Reserve Bank of St. Louis · as at 2026-09

Initial claims for unemployment insurance, filed with state agencies and collated by the Department of Labor. Plotted as the average of the weeks in each month, because a single week is mostly holidays, weather and auto-plant shutdowns. The chart starts in 2021 for a reason worth stating: in April 2020 more than six million people filed in a single week, thirty times the normal rate, and on an axis tall enough to reach that every year since is a flat line an inch off the floor. The figure is here in words instead. The store keeps the whole series either way.

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