The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring has led some laid-off workers to experience long bouts of joblessness.

Weekly jobless claims in the United States have fallen to an 11-month low, signaling a resilient labor market even as hiring activity slows. The decline underscores a steady pace of layoffs, reflecting broader economic stability,

The number of Americans filing new applications for unemployment benefits dropped to an eight-month low last week, pointing to low layoffs at the end of 2024 and consistent with a healthy labor market.