Labor Market Remains Strong as, Unemployment Claims , Continue to Fall.br ABC reports that the number of applications for br unemployment in the United States fell sharply br last week, signaling a resilient job market. .br On November 22, the Labor Department br reported that jobless claims had br fallen by 24,000 to reach 209,000.br The week before saw the number br reach 233,000, the highest it br has been since August. .br The latest numbers also showbr the four-week moving averagebr fell by 750 to reach 220,000.br ABC reports that the numbers br remain historically low, signaling br high job security for U.S. workers. .br ABC reports that the numbers br remain historically low, signaling br high job security for U.S. workers. .br For the week ending November 11, the total number br of Americans collecting unemployment benefits was br at 1.84 million, down 22,000 from the week before.br For the week ending November 11, the total number br of Americans collecting unemployment benefits was br at 1.84 million, down 22,000 from the week before.br But job growth remains strong, br the unemployment rate remains br historically low, and businesses br have yet to start reducing their br workforce in a significant way, Rubeela Farooqi, Chief U.S. economist at br High Frequency Economics, via ABC.br But job growth remains strong, br the unemployment rate remains br historically low, and businesses br have yet to start reducing their br workforce in a significant way, Rubeela Farooqi, Chief U.S. economist at br High Frequency Economics, via ABC.br We expect some softening in labor br demand going forward as the effects br of restrictive monetary policy spread br more broadly through the economy, Rubeela Farooqi, Chief U.S. economist at br High Frequency Economics, via ABC.br ABC reports that the combination of a resilient job market br and falling inflation has increased hope that the br Federal Reserve will end its recent rate-hiking campaign. .br ABC reports that the combination of a resilient job market br and falling inflation has increased hope that the br Federal Reserve will end its recent rate-hiking campaign. .br The Fed has raised its benchmark interest rate br eleven times since March of 2022 in an attempt to br slow the economy while also preventing a recession.