The number of weekly initial unemployment claims in the United States has decreased, indicating a stable labor market condition.

According to TechFlow news, on November 26, the number of initial jobless claims released in the U.S. decreased, indicating that unemployment remains low, although the labor market is struggling to create enough job opportunities for the unemployed amidst ongoing economic uncertainty. Data released on Wednesday showed that for the week ending November 22, initial jobless claims decreased by 6,000, seasonally adjusted, to 216,000. Economists had previously expected that initial jobless claims for the previous week would be 225,000. Due to Thursday being the Thanksgiving holiday, the report was released a day earlier. Economists indicated that President Trump’s radical trade and immigration policies have created an environment where companies are reluctant to lay off or hire more workers, leading to what they and policymakers call a “no-hire, no-fire” labor market. However, some companies, including Amazon, are ramping up layoffs as they integrate artificial intelligence into certain positions. Economists expect that these layoffs may be reflected in next year's initial jobless claims data, although the number of people applying for unemployment benefits does not always increase in tandem with announced layoffs. (Jin10)