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Jobless Claims Stay Low at +200K, Q3 GDP Up to +4.4%
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Key Takeaways
New Jobless Claims Came in Consistently Light at 200K
Q3 GDP Was Revised Up 10 bps to 4.4%
GE, P&G and Freeport Beat on Earnings Estimates, Abott Meets
Thursday, January 22nd, 2026
Ahead of today’s opening bell, Thursday morning Weekly Jobless Claims are out, and they continue to portray a labor market cruising along at a healthy low rate of unemployment claims. Initial Jobless Claims came in at an even +200K, 8K below expectations and a tick up from the slightly upwardly revised +199K the previous week. Our trailing four-week average on new jobless claims is now +202K, -15K lower per week than the previous four weeks.
Continuing Claims, reported a week in arrears from new claims, reached 1.85 million in today’s print, down from the 1.884 million reported a week ago. Since the string of 1.9+ million longer-term jobless claims per week, which lasted from Memorial Day to Thanksgiving last year, today’s tally is the second-lowest we’ve seen. More good news for strength in the labor market.
Q3 GDP Revised Up to +4.4%
Also out this morning is the revision to Q3 Gross Domestic Product (GDP), which climbed 10 basis points (bps) to +4.4% — the highest single quarter since +4.7% back in Q3 of 2023. Exports, investments and inventories all came up on the revision, slightly augmented by lower consumer spending in the quarter.
Earnings Reports Ahead of the Bell: GE, PG & More
GE Aerospace (GE - Free Report) posted a healthy +9.3% earnings beat in its Q4 report out ahead of today’s open. Earnings of $1.57 per share easily surpassed the $1.44 in the Zacks consensus. Revenues also outperformed estimates, $11.87 billion, for a +5.38% positive surprise. Yet slowing revenue growth is bringing some bearish sentiment to the stock as a result, and shares are down -3% — basically erasing the company’s year-to-date gains so far. For more on GE’s earnings, click here.
Procter & Gamble (PG - Free Report) shares are up +1.6% at this hour of the pre-market on mixed results in the company’s fiscal Q2. Earnings beat the Zacks consensus by a penny to $1.88, while revenues were short of estimates by -0.36% to $22.21 billion. Sales are up slightly, from $21.88 billion a year ago, even as signs of weaker spending in the U.S. were cited. For more on PG’s earnings, click here.
Abbott Labs (ABT - Free Report) , meanwhile, is down -7.2% so far this morning, as the drug-maker reached the earnings estimate of $1.50 per share exactly, though came up -2.76% shy of revenue projections to $11.46 billion in the quarter. Shares are now trading in the negative going back to this time last year. For more on ABT’s earnings, click here.
Metals miner Freeport-McMoRan (FCX - Free Report) posted perhaps the most impressive Q4 results ahead of the opening bell this morning, reporting earnings of 47 cents per share versus 28 cents estimated, on $5.63 billion in revenues, which outpaced the $5.18 billion analysts were expecting. Shares are up slightly, but this is off majorly impressive performances year to date (+19%) and over the past year (+55%).
After today’s close, we’ll see new earnings releases from major companies as disparate as Intel (INTC - Free Report) to Intuitive Surgical (ISRG - Free Report) to Capital One (COF - Free Report) . Heading into earnings results, all three of these companies are currently carrying Zacks Rank #3 (Hold) ratings.
Image: Bigstock
Jobless Claims Stay Low at +200K, Q3 GDP Up to +4.4%
Key Takeaways
Thursday, January 22nd, 2026
Ahead of today’s opening bell, Thursday morning Weekly Jobless Claims are out, and they continue to portray a labor market cruising along at a healthy low rate of unemployment claims. Initial Jobless Claims came in at an even +200K, 8K below expectations and a tick up from the slightly upwardly revised +199K the previous week. Our trailing four-week average on new jobless claims is now +202K, -15K lower per week than the previous four weeks.
Continuing Claims, reported a week in arrears from new claims, reached 1.85 million in today’s print, down from the 1.884 million reported a week ago. Since the string of 1.9+ million longer-term jobless claims per week, which lasted from Memorial Day to Thanksgiving last year, today’s tally is the second-lowest we’ve seen. More good news for strength in the labor market.
Q3 GDP Revised Up to +4.4%
Also out this morning is the revision to Q3 Gross Domestic Product (GDP), which climbed 10 basis points (bps) to +4.4% — the highest single quarter since +4.7% back in Q3 of 2023. Exports, investments and inventories all came up on the revision, slightly augmented by lower consumer spending in the quarter.
Earnings Reports Ahead of the Bell: GE, PG & More
GE Aerospace (GE - Free Report) posted a healthy +9.3% earnings beat in its Q4 report out ahead of today’s open. Earnings of $1.57 per share easily surpassed the $1.44 in the Zacks consensus. Revenues also outperformed estimates, $11.87 billion, for a +5.38% positive surprise. Yet slowing revenue growth is bringing some bearish sentiment to the stock as a result, and shares are down -3% — basically erasing the company’s year-to-date gains so far. For more on GE’s earnings, click here.
Procter & Gamble (PG - Free Report) shares are up +1.6% at this hour of the pre-market on mixed results in the company’s fiscal Q2. Earnings beat the Zacks consensus by a penny to $1.88, while revenues were short of estimates by -0.36% to $22.21 billion. Sales are up slightly, from $21.88 billion a year ago, even as signs of weaker spending in the U.S. were cited. For more on PG’s earnings, click here.
Abbott Labs (ABT - Free Report) , meanwhile, is down -7.2% so far this morning, as the drug-maker reached the earnings estimate of $1.50 per share exactly, though came up -2.76% shy of revenue projections to $11.46 billion in the quarter. Shares are now trading in the negative going back to this time last year. For more on ABT’s earnings, click here.
Metals miner Freeport-McMoRan (FCX - Free Report) posted perhaps the most impressive Q4 results ahead of the opening bell this morning, reporting earnings of 47 cents per share versus 28 cents estimated, on $5.63 billion in revenues, which outpaced the $5.18 billion analysts were expecting. Shares are up slightly, but this is off majorly impressive performances year to date (+19%) and over the past year (+55%).
After today’s close, we’ll see new earnings releases from major companies as disparate as Intel (INTC - Free Report) to Intuitive Surgical (ISRG - Free Report) to Capital One (COF - Free Report) . Heading into earnings results, all three of these companies are currently carrying Zacks Rank #3 (Hold) ratings.
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