US weekly jobless claims tumble to multi-year low

Thursday, December 04, 2025 at 13:46 UTC+01:00 (+0100), United States, N/A

News category : Macroeconomic Events

The U.S. Department of Labor reported on Dec. 4 that initial jobless claims fell materially, reaching their lowest level in more than three years. The decline—driven in part by lower planned layoffs and improved continuing claims—suggests that labor-market slack is not widening as fast as some market participants had feared. Fixed-income traders reacted by trimming the odds of an immediate, large Fed rate cut, pushing short-term yields higher. Equity market participants parsed the data as a mixed signal: stronger labor resilience supports consumer demand but also complicates the case for rapidly easier financial conditions. Economists warned seasonal and reporting effects can influence weekly claims, but agreed the print is a meaningful input for December Fed deliberations.

Overall market impact

Strong mixed market impact - strength score : 82/100

Detailed breakdown of market impact over instruments, sectors, and asset classes

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Impacted instruments :

Short-dated U.S. Treasuries

Interest-rate futures

USD FX pairs

US cyclical equities

Credit spreads

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