Reported about 4 hours ago
The number of Americans filing for unemployment benefits dropped to 213,000 last week, signaling a potential interest rate cut from the Federal Reserve in December. Although initial claims declined, many laid-off workers are experiencing prolonged unemployment, as reflected in the increase of ongoing claims to 1.907 million. Despite these trends, the unemployment rate is expected to remain steady at 4.1% for November, highlighting a challenging job market amid an uncertain economic outlook.
Source: YAHOO