US Jobless Claims Fell to Three-Year Low Over Thanksgiving

Applications for US unemployment benefits fell last week to the lowest in more than three years, indicating that employers are still largely holding onto workers despite a wave of recent layoff announcements.

Initial claims decreased by 27,000 to 191,000 in the week ended Nov. 29, a period that included Thanksgiving. The weekly claims data can be particularly choppy around holidays. The figure was below all estimates in a Bloomberg survey of economists.