#weeklyjobs
The weekly unemployment claims report issued by the Department of Labor on Thursday, which is the latest data on the health of the economy, follows the employment report released by ADP on Wednesday, which showed a decline in private sector payrolls by the largest amount in more than two and a half years in November.
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🥇Weekly unemployment claims fell by 27,000 to 191,000 claims.
🥈Continued unemployment claims fell by 4,000 to 1.939 million claims.
🥉Planned layoffs decreased by 53% in November.
🎖️ The number of Americans filing new claims for unemployment benefits fell to the lowest level in more than three years last week, easing fears of a sharp deterioration in the labor market and the likelihood of the Federal Reserve opposing another rate cut next week.
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