3 sources·Business

Unemployment Claims Fall to Near Six-Month Lows Amid Economic Uncertainty

New unemployment claims in the U.S. decreased, indicating potential job growth, despite ongoing layoffs and economic fluctuations.

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Updated: Nov 21st, 2024, 10:13 AM ET

Summary

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The number of new unemployment claims in the U.S. has fallen to 213,000, near six-month lows, suggesting a possible rebound in job growth for November. However, continuing claims rose to 1.91 million, indicating that many are struggling to find new employment. This situation is occurring amid recent Federal Reserve interest rate cuts aimed at supporting the job market, despite mixed signals from the economy and recent layoffs linked to strikes and natural disasters. Economic data next week will provide further insights into employment trends.

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Unemployment Claims Fall to Near Six-Month Lows Amid Economic Uncertainty - Pano News