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US filings for jobless benefits fall last week to 191,000, the lowest level in more than three years
Initial jobless claims dropped to 191,000 last week, signaling labor market resilience despite ongoing large-company layoffs and mixed economic signals, Labor Department reported.
- Last week, the U.S. Labor Department reported 191,000 Americans filing for jobless benefits for the week ending Nov. 29, the lowest since September 24, 2022.
- Private payroll firm ADP estimated 32,000 job losses in November while employers have announced about 1.171 million job cuts this year, showing contradictory signals.
- Unadjusted claims show a decline to 191,000 last week, and the four-week average fell to 214,750, below economists' forecasts of 220,000–221,000.
- With the Fed meeting next Tuesday and Wednesday, analysts cautioned that weekly claims are volatile and comprehensive jobs data remain delayed by the government shutdown.
- Continuing claims indicate ongoing benefit recipients near 1.939 million after a 4,000 dip, while the unemployment rate at 4.4% and economists describe a 'low-hire, low-fire' labour market.
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US Weekly Jobless Claims Fall to Lowest Level Since September 2022
The number of Americans filing for first-time unemployment benefits declined to the lowest level in more than three years, new Department of Labor data released on Dec. 4 show. For the week ending Nov. 29, initial jobless claims fell by 27,000 to 191,000, marking the fourth consecutive weekly drop. Economists had penciled in a reading of 220,000. Initial claims for state unemployment benefits, which included last week’s Thanksgiving holiday, are…
·New York, United States
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Coverage Details
Total News Sources50
Leaning Left10Leaning Right6Center22Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 26%
C 58%
R 16%
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