Labor Market Remains Strong as, Unemployment Claims , Continue to Fall.<br />ABC reports that the number of applications for <br />unemployment in the United States fell sharply <br />last week, signaling a resilient job market. .<br />On November 22, the Labor Department <br />reported that jobless claims had <br />fallen by 24,000 to reach 209,000.<br />The week before saw the number <br />reach 233,000, the highest it <br />has been since August. .<br />The latest numbers also show<br />the four-week moving average<br />fell by 750 to reach 220,000.<br />ABC reports that the numbers <br />remain historically low, signaling <br />high job security for U.S. workers. .<br />ABC reports that the numbers <br />remain historically low, signaling <br />high job security for U.S. workers. .<br />For the week ending November 11, the total number <br />of Americans collecting unemployment benefits was <br />at 1.84 million, down 22,000 from the week before.<br />For the week ending November 11, the total number <br />of Americans collecting unemployment benefits was <br />at 1.84 million, down 22,000 from the week before.<br />But job growth remains strong, <br />the unemployment rate remains <br />historically low, and businesses <br />have yet to start reducing their <br />workforce in a significant way, Rubeela Farooqi, Chief U.S. economist at <br />High Frequency Economics, via ABC.<br />But job growth remains strong, <br />the unemployment rate remains <br />historically low, and businesses <br />have yet to start reducing their <br />workforce in a significant way, Rubeela Farooqi, Chief U.S. economist at <br />High Frequency Economics, via ABC.<br />We expect some softening in labor <br />demand going forward as the effects <br />of restrictive monetary policy spread <br />more broadly through the economy, Rubeela Farooqi, Chief U.S. economist at <br />High Frequency Economics, via ABC.<br />ABC reports that the combination of a resilient job market <br />and falling inflation has increased hope that the <br />Federal Reserve will end its recent rate-hiking campaign. .<br />ABC reports that the combination of a resilient job market <br />and falling inflation has increased hope that the <br />Federal Reserve will end its recent rate-hiking campaign. .<br />The Fed has raised its benchmark interest rate <br />eleven times since March of 2022 in an attempt to <br />slow the economy while also preventing a recession.
