The U.S. initial jobless claims unexpectedly decreased, and there is a divergence in the Federal Reserve's December rate cut decision.

On November 26th, against the setting of the continuous economic uncertainty in the United States, the quantity of initial jobless claims surprisingly declined last week. It reached the lowest level since mid-April and stayed at a relatively low level. During the week ending November 22nd, the number of initial jobless claims decreased by 6,000 individuals to 216,000 people, which was lower than the median forecast of 225,000 people by economists. A recent survey indicates that Americans' concerns about the labor market are on the rise. The Consumer Confidence Index in November witnessed its largest drop in 7 months, partly due to more pessimistic job-finding expectations. Federal Reserve officials have cut interest rates in the last two policy meetings, with a focus on providing support to the slowing labor market. However, policymakers are divided on whether to support another rate cut at the final meeting in December of the year as they try to balance a soft labor market with persistently low inflation. (Jinshi)