Jobless claims tumble to 3-year low in a no-hire, no-fire U.S. economy

Core Viewpoint - The number of unemployment benefit applications around the Thanksgiving holiday has decreased to a more than three-year low, indicating that businesses are largely avoiding layoffs despite hiring freezes [1] Group 1 - The decline in unemployment benefit applications suggests a stable labor market, with businesses maintaining their workforce [1] - The current trend reflects a cautious approach from companies, prioritizing workforce retention over new hiring [1]