The initial jobless claims in the United States unexpectedly fell last week, and non-farm employment in November may rebound
On November 21, the number of people in the United States applying for unemployment benefits for the first time unexpectedly fell last week. This suggests that after a sudden slowdown last month due to hurricanes and strikes, non-farm employment growth in November may rebound, and the non-farm employment report for November could determine whether the Federal Reserve will cut interest rates again in December. The U.S. Department of Labor said on Thursday that in the week ending November 16, the seasonally adjusted initial claims for state unemployment benefits decreased by 6,000 to 213,000. This data covers Veterans Day holiday which might cause some fluctuations. Despite a surge in applications for unemployment benefits at beginning of October due to disruptions caused by Hurricanes "Helen" and "Milton", as well as strikes by factory workers at Boeing and another aerospace company, layoffs are still few which has eased impact of hiring slowdown on labor market.
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