Initial jobless claims are a proxy for layoffs across the U.S. and so they’ve become closely watched for signs that tariffs could be costing jobs.
Those signs have not shown up so far, with jobless claims continuing to come in a historically low levels.
Jobless claims can be volatile week to week, especially around the holidays.
Continuing claims, which are the number of claims for benefits made by workers beyond their initial application, fell 74,000 to 1,631,000 in the week ended November 24.
Jobless claims hit a 49-year low of 202,000 in mid-September.