TechFlow news, on November 21, the number of Americans filing for initial unemployment benefits unexpectedly declined last week, suggesting that nonfarm payrolls in November may rebound after a sharp slowdown in October due to hurricanes and strikes. The upcoming November jobs report could determine whether the Federal Reserve will cut interest rates again in December. The U.S. Department of Labor said Thursday that seasonally adjusted initial claims for state unemployment benefits fell by 6,000 to 213,000 in the week ended November 16. The data covers the Veterans Day holiday, which may have introduced some volatility. Despite a spike in jobless claims earlier in October caused by disruptions from Hurricanes "Helene" and "Milton," as well as factory worker strikes at Boeing and another aerospace company, layoffs remain minimal, cushioning the labor market from a broader slowdown in hiring. (Jinshi)
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