US weekly jobless claims unexpectedly fall
WASHINGTON - The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting that job growth likely rebounded in November after abruptly slowing last month amid hurricanes and strikes.
The claims data covered the period during which the government surveyed businesses for the nonfarm payrolls component of November's employment report. The Boeing strike ended early this month after workers accepted a new contract, while rebuilding is underway in the areas devastated by the hurricanes. That creates a base of at least 100,000 jobs for November's payrolls.
The employment report for November could determine if the Federal Reserve cuts interest rates again in December after data suggested that progress lowering inflation to its 2% target had stalled in recent months.
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