US weekly jobless claims at seven-month low as layoffs remain low

US Jobless Claims Decline to Lowest Level Since Mid-April

Weekly claims for unemployment benefits drop

The number of Americans applying for unemployment benefits declined last week in a sign that overall layoffs remain low, even as several high-profile companies have announced job cuts. U.S. applications for unemployment benefits in the week ending Nov. 22 dropped 6,000 from the previous week to 216,000, the Labor Department reported Wednesday. The figure is below the 230,000 forecast by economists, according to a survey by data provider FactSet.…

US weekly jobless claims at seven-month low as layoffs remain low

New jobless claims fell to a seven-month low, indicating minimal layoffs despite a struggling labor market. This data suggests the Federal Reserve may hold off on further interest rate cuts next month, as inflation remains elevated. Meanwhile, core capital goods orders and shipments saw a significant jump in September, signaling robust business spending on equipment.

Jobless Claims Drop to Lowest Level Since April

Initial claims decreased by 6,000 to 216,000 in the week ended Nov. 22. The median forecast in a Bloomberg survey of economists called for 225,000 applications.

Jobless Claims Hit Seven-Month Low.

PULSE POINTSWHAT HAPPENED: The number of Americans filing for jobless benefits for the first time dropped to 216,000 last week, marking the lowest level since April.WHO WAS INVOLVED: American workers and the U.S. Department of Labor, which tracks jobless claims data.WHEN & WHERE: The report was released last week and reflects national data following the recent resolution of the Senate Democrats-caused government shutdown.IMPACT: While initial cl…

US initial jobless claims down 6,000 last week, below expectations

216,000 initial jobless claims filed last week, while 4-week moving average up to 224,750 - Anadolu Ajansı