US weekly jobless claims hit eight-month low as labor stays resilient
WASHINGTON, D.C.: The number of Americans applying for unemployment benefits last week dropped to its lowest level in eight months, suggesting fewer layoffs and a strong labor market as 2024 ended.
This supports the Federal Reserve's plans for fewer interest rate cuts this year as the economy remains stable.
Unemployment claims fell by 9,000 to 211,000 for the week ending December 28, below the expected