U.S. Department of Labor data shows that for the week ending November 29, 2025, initial unemployment-benefit claims fell to 191,000, down from 218,000 the prior week.$BTC

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That’s the lowest level of first-time claims since September 2022.

The four-week moving average — which smooths out weekly volatility — also fell to about 214,750, reinforcing the short-term strength in the data.

Economists commonly treat “initial jobless claims” as an early indicator of layoffs: so this low reading strongly suggests that, at least for now, layoffs remain muted