Markets
Jobless Claims Fall to 197,000, Near a 57-Year Low, as Treasury Yields Hold at Multi-Decade Highs
The labor market showed no sign of cracking just as the bond market pushed borrowing costs to levels last seen in 2007, narrowing the case for near-term rate cuts.
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By Marcus Elrod
Sep 25, 2026 · 7 min read
Initial claims for U.S. unemployment benefits fell to 197,000 in the week ended Sept. 19, the Labor Department said Thursday, a level the labor market has rarely touched in more than half a century and one that landed directly into a bond market already repricing the path of interest rates.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.