-
US job market mixed bag: Jobless claims drop to 3-year low, but employers shed 71,000 jobs in worst November since 2022
The US jobs market received a fresh set of mixed signals on Thursday, with claims for unemployment insurance dropping to a three-year low but employer layoff plans flashing another warning sign. Employers announced 71,321 layoffs last month, according to a Thursday report from the global outplacement firm Challenger, Gray & Christmas. The cuts were up 24% from the nearly 58,000 planned layoffs announced in November 2024, and amounted to the highest total for the month since 2022. The data comes on the heels of last month’s brutal Challenger, Gray & Christmas report, which detailed the worst October for layoff ... (full story)