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Jobless Claims Drop Amid Starbucks Restructuring and GDP Growth

9/26/2025

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Summary

Story summary

The U.S. Bureau of Labor Statistics reported jobless claims down 14,000 to 218,000 for the week ending September 20.
GDP revised higher to 3.8%, signaling growth; the Standard & Poor's 500 Index (S&P 500) fell 0.5%.
Starbucks announced a $1 billion restructuring plan, closing 1% of North American locations and cutting 900 jobs.

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Story summary

The U.S. Bureau of Labor Statistics reported jobless claims down 14,000 to 218,000 for the week ending September 20.
GDP revised higher to 3.8%, signaling growth; the Standard & Poor's 500 Index (S&P 500) fell 0.5%.
Starbucks announced a $1 billion restructuring plan, closing 1% of North American locations and cutting 900 jobs.