Reported about 7 hours ago
Last week's unemployment claims in the US fell to a seven-month low of 213,000, indicating a potential rebound in job growth for November following a slowdown due to hurricanes and strikes. Despite ongoing labor market challenges and increasing unemployment rolls, experts believe there is no imminent recession. The data suggests that while new filings decreased, it is still taking longer for unemployed individuals to find new jobs, which may influence the Federal Reserve's decisions on interest rates in the coming months.
Source: YAHOO