US initial jobless claims hit three-year low
By Iain Gilbert
Date: Thursday 04 Dec 2025
(Sharecast News) - Americans lined up for unemployment benefits at a decelerated clip in the week ended 29 November, according to the Department of Labor, marking a fourth consecutive weekly drop.
Initial jobless claims dropped by by 27,000 to 191,000, well below market expectations of 220,000 and the lowest print in three years.
Elsewhere, continuing claims fell 4,000 to 1.93m, while the four-week moving average, which aims to strip out week-to-week volatility, contracted by 9,500 to 214,750.
The Labor Department's report was broadly in line with recent labour market data in showing that firings have slowed, although a sharp reduction in hiring activity was keeping outstanding unemployment claims at elevated levels.
The advance seasonally adjusted insured unemployment rate was unchanged at 1.3%.
Reporting by Iain Gilbert at Sharecast.com
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