The number of initial jobless claims in the United States slightly decreased last week, indicating continued resilience in the labor market
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As of the week ending November 16, the number of initial jobless claims in the United States fell to 213,000, the lowest level since April 2024, and below the market expectation of 220,000. The number of continuing claims rose to 1.908 million, higher than expected. Analysts pointed out that despite the impact of hurricanes and strikes, the number of layoffs remains low, indicating resilience in the labor market. This data may influence the Federal Reserve's interest rate cut decision in December
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