
US initial jobless claims dropped to 191,000 for the week ending November 29, the lowest since September 2022, amid strong labor market indicators and rising expectations of a Fed rate cut.
US initial jobless claims fell by 27,000 to 191,000 in the week ending November 29, the lowest level since September 24, 2022. The decline signals continued labor market strength and remains well below the forecast of 220,000. According to CME data, there is now an 89.2% probability that the Federal Reserve will cut interest rates by 25 basis points in December, reflecting shifting market expectations after the latest jobless numbers.