US initial application data drops to lowest level in over three years, easing concerns about worsening job market According to BlockBeats, on December 4th, the number of initial jobless claims in the United States fell to its lowest level in over three years last week, and there are still no signs of worsening labor market conditions. The US Department of Labor announced on Thursday that the seasonally adjusted number of first-time jobless claims in states decreased by 27000 to 191000 in the week ending November 29, the lowest level since September 2022 and below market expectations of 220000. This data includes last Thursday's Thanksgiving holiday, during which application data usually fluctuates greatly. The current application level is in line with the historically low layoff situation, which may alleviate market concerns about a sharp deterioration in the labor market - the ADP employment report on Wednesday showed the largest decline in private sector employment in over two and a half years in November. The highly anticipated November non farm payroll report from the Bureau of Labor Statistics was originally scheduled to be released on Friday, but was postponed due to a record breaking 43 day government shutdown and is now scheduled to be released on December 16th. Economists believe that the labor market is still in a state of 'no layoffs, no recruitment'. (Golden Ten)