🚨 LOWEST SINCE 2022: U.S. Jobless Claims CRASH to 191,000! 📉🔥
The labor market just delivered a shocker — and it’s a big one. The latest data shows first-time unemployment filings dropping to levels not seen in over two years.
Key Highlights (Department of Labor, Dec 4 report):
• Initial claims plunged to 191,000 for the week ending Nov 29.
• That’s a massive 27,000 drop from the previous week’s revised figure.
• This is the lowest reading since September 2022, signaling surprising strength in the U.S. job market.
Why It Matters:
At 191K, the numbers show employers are holding tight to their workforce — layoffs remain rare, and labor conditions are still firm. This keeps pressure on the Federal Reserve as it considers the balance between inflation control and economic stability.
Next week’s report will be crucial in confirming whether this momentum continues.
