Story perspectives
Unemployment Claims Drop, Job Cuts Loom Amid Shutdown
11/22/2025
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Story summary
- Unemployment claims fell 8,000 to 220,000 for the week ending November 15, 2024, per the Labor Department.
- Continuing claims rose to a four-year high, signaling ongoing difficulty.
- Amazon and Target announced job cuts.
- The government shutdown delayed October employment data until December 16, 2024.
- Federal Reserve officials are debating further interest rate cuts to support the labor market.
