By
Joel South
Sep 25, 2025 | Updated 9:16 AM ET
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Key Points
- The U.S. Bureau of Labor Statistics reported jobless claims falling in the third week of September.
- GDP estimates are up, giving investors a second positive indicator the economy is improving today.
- Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don’t waste another minute; get started by clicking here.(Sponsor)
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The U.S. Bureau of Labor Statistics reported today that first-time unemployment filings declined by 14,000 week over week. Unemployment claims in the week ended September 20 were 218,000 (seasonally adjusted), which was also below the 235,000 economists had predicted.
CNBC called the jobs data “solid,” noting that Q2 gross domestic product was also revised higher, to 3.8%, painting a picture of a stronger economy… with potentially less need for interest rate cuts by the Federal Reserve.
Investors didn’t like the sound of that at all, and the Vanguard S&P 500 ETF (NYSEMKT: VOO) is down 0.5% premarket Thursday.
Not all’s well in the jobs market however. This morning, Starbucks (Nasdaq: SBUX) announced a $1 billion restructuring plan that will involve closing about 1% of the company’s 11,400 North American locations, and the layoff of 900 store workers (bringing total layoffs at the coffeehouse chain to 2,000 this year).
Starbucks stock is so far about flat premarket.
Earnings
Builder KB Home (NYSE: KBH) beat earnings by eleven cents last night, reporting a fiscal Q3 profit of $1.61 per share on $1.6 billion in sales. Management forecast that by the end of fiscal 2025, however, its sales will be only $6.1 billion or $6.2 billion, less than the $6.3 billion that Wall Street is looking for.
KB Home stock is down more than 1% premarket.
On the other hand, CarMax (NYSE: KMX) just reported that it missed Q2 earnings by forty cents. The used car dealer earned only $0.64 per share in Q2 2025, and its sales of $6.6 billion fell far short of the $7 billion predicted.
CarMax stock is crashing hard on the bad news, down 18% premarket.