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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)
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In the week ending November 29, the advance figure for seasonally adjusted initial claims was 191,000, a decrease of 27,000 from the previous week's revised level. This is the lowest level for initial claims since September 24, 2022 when it was 189,000. The previous week's level was revised up by 2,000 from 216,000 to 218,000. The 4-week moving average was ...
The number of people who applied for unemployment benefits around the Thanksgiving holiday fell to a more than three-year low, reinforcing the view that businesses are mostly avoiding layoffs even as they freeze hiring. So-called initial jobless claims sank by 27,000 in the seven days ended Nov. 29, from a revised 218,000 in the prior week, the government ...
From thegoldforecast.com | Dec 4, 2025
Market participants continue to parse through conflicting employment data from November, as divergent signals from multiple labor market indicators have created uncertainty heading into next week's Federal Reserve policy meeting. The week's economic releases painted a contradictory picture of labor market health. Initial claims for state unemployment ...
