The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly fell to a three-year low in the week ended November 29th.
The report said initial jobless claims slid to 191,000, a decrease of 27,000 from the previous week's revised level of 218,000.
Economist had expected jobless claims to rise to 220,000 from the 216,000 originally reported for the previous week.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.