Last week, U.S. initial applications unexpectedly fell, and non-farm payrolls are expected to rebound in November

Initial U.S. jobless claims unexpectedly fell last week, suggesting that nonfarm payroll growth could rebound in November after a sudden slowdown last month due to hurricanes and strikes, while November's nonfarm payrolls report could determine whether the Federal Reserve cuts rates again in December. The Labor Department said Thursday that initial seasonally adjusted claims for state unemployment benefits fell by 6,000 to 213,000 in the week ending Nov. 16. The data covers the Veterans Day holiday, which could bring some volatility. While jobless claims surged in early October due to disruptions caused by Hurricanes Helen and Milton, as well as strikes by factory workers at Boeing and another aerospace company, layoffs remained low, cushioning the impact of a hiring slowdown on the labor market.