The number of jobless claims in the US unexpectedly fell to its lowest level in a month at the beginning of last week, but the unemployment rate is likely to remain high in December due to sluggish recruitment. The number of jobless claims fluctuated greatly at the beginning of recent weeks, as adjusting seasonal fluctuation data ahead of the holiday season was a challenge. The labor market is expected to remain in what economists and policy makers call a “don't hire, don't fry” model. Although the US economy has remained resilient recently, and the GDP growth rate in the third quarter reached the fastest rate in two years, the labor market almost stagnated. Economists say labor demand and supply are affected by import tariffs and a crackdown on immigration.

The number of jobless claims in the US unexpectedly fell to its lowest level in a month at the beginning of last week, but the unemployment rate is likely to remain high in December due to sluggish recruitment. The number of jobless claims fluctuated greatly at the beginning of recent weeks, as adjusting seasonal fluctuation data ahead of the holiday season was a challenge. The labor market is expected to remain in what economists and policy makers call a “don't hire, don't fry” model. Although the US economy has remained resilient recently, and the GDP growth rate in the third quarter reached the fastest rate in two years, the labor market almost stagnated. Economists say labor demand and supply are affected by import tariffs and a crackdown on immigration.