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Unemployment Claims Drop, Fed Faces Tough Rate Decision

12/4/2025

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Summary

Story summary

The U.S. Department of Labor reported unemployment benefits applications fell to 191,000 for the week ending Nov. 29, the lowest since September 2022.
The decline from 218,000 the prior week suggests the economy has avoided a surge in layoffs.
Automatic Data Processing, Inc. (ADP) reported 32,000 job losses in November.
The Federal Reserve faces a complex decision on interest rates as inflation remains above its 2% target.

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Story summary

The U.S. Department of Labor reported unemployment benefits applications fell to 191,000 for the week ending Nov. 29, the lowest since September 2022.
The decline from 218,000 the prior week suggests the economy has avoided a surge in layoffs.
Automatic Data Processing, Inc. (ADP) reported 32,000 job losses in November.
The Federal Reserve faces a complex decision on interest rates as inflation remains above its 2% target.