Jobless claims surge after Thanksgiving, but low layoffs is still the prevailing trend in the labor market

Core Viewpoint - The number of unemployment benefit applications surged to a three-month high following Thanksgiving, but this increase is largely attributed to the holiday effects, with minimal evidence indicating a significant rise in layoffs across the U.S. [1] Summary by Relevant Categories Unemployment Benefits - Applications for unemployment benefits reached a three-month peak after Thanksgiving [1] - The spike in applications is considered exaggerated due to the holiday season [1] Layoff Trends - There is little evidence to suggest that layoffs in the U.S. are increasing rapidly [1]