The number of Americans filing new applications for unemployment benefits fell to a more than three-year low last week, allaying fears of a sharp deterioration in labor market conditions after independent surveys showed job losses in November.

U.S. unemployment claims dropped to their lowest level in over three years during the week of Thanksgiving, signaling a surprisingly

The latest report from the US Labor Department highlighted that initial jobless claims reached 232,000 for the week ending October 18.

The number of Americans filing new applications for unemployment benefits dropped to the lowest level in more than three years last week, allaying fears of a sharp deterioration in labour market condi

The number of Americans filing new applications for unemployment benefits fell to a seven-month low last week, suggesting layoffs remained low, though the labor market is struggling to generate enough jobs for those out of work amid economic uncertainty.

Futures for the Dow Jones Industrial Average and other major stock indexes rose modestly in premarket trading Thursday, as Wall Street awaited weekly jobless claims. Among the losers, artificial intelligence stock Snowflake SNOW plunged on the stock market today after the company's earnings results.

Treasury yields rose, reversing Wednesday’s falls but remaining in their recent range. Weekly jobless claims data are due.

Initial claims for state unemployment benefits fell 27,000 to a seasonally adjusted 191,000 for the week ended November 29, the lowest level since September 2022. Economists polled by Reuters had forecast 220,