The number of people applying for unemployment benefits in the United States unexpectedly fell last week, and non-farm employment in November may rebound

2024-11-21 21:46:38
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ChainCatcher News: The number of people in the U.S. filing for unemployment benefits for the first time unexpectedly fell last week, indicating that after a sudden slowdown last month due to hurricanes and strikes, non-farm employment growth in November may rebound. The November non-farm payroll report could determine whether the Federal Reserve will cut interest rates again in December.

The U.S. Department of Labor reported on Thursday that for the week ending November 16, the seasonally adjusted number of initial claims for state unemployment benefits decreased by 6,000 to 213,000. This data covers the Veterans Day holiday, which may introduce some volatility. Although there was a surge in unemployment claims in early October due to disruptions caused by hurricanes "Helen" and "Milton" and strikes by workers at Boeing and another aerospace company, layoffs remain low, alleviating the impact of the hiring slowdown on the labor market. (Jin Ten)

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