In the week ending November 29th, initial jobless claims were at a seasonally adjusted level of 191,000, the lowest level in over three years.

The government will release the weekly initial claims for state unemployment benefits, known as jobless claims, along with the September unemployment report. Economists are expecting only a small increase in initial jobless claims in the week ended Nov.

Initial filings for unemployment benefits in Tennessee dropped last week compared with the prior week, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, fell to 2,891 in the week ending Nov. 29, down from 2,940 the week before, the Labor Department said.

Initial filings for unemployment benefits in Ohio rose last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, increased to 7,206 in the week ending November 29, up from 6,765 the week before, the Labor Department said.

Stocks are poised to open mostly unchanged after a weekly report on jobless claims showed an unexpected decline in late November. Dow and S&P 500 futures were pointing slightly higher, while those for the Nasdaq 100 were modestly lower.

The Dow Jones index wavered Thursday on surprise weekly jobless claims. AI stock Snowflake plunged on earnings.

U.S. equity futures were little changed early Thursday as investors prepared for fresh labor market data and weighed growing expectations of a Federal Reserve rate cut later this month. Meanwhile, Salesforce (NYSE:CRM) upped its full-year revenue and adjusted earnings outlook on the back of strong demand for its artificial intelligence agents,

• 8:30 AM ET - Initial Jobless Claims: Expected at 220K versus previous 216K. This weekly report measures the number of individuals who filed for unemployment insurance for the first time during the past week, offering an early glimpse into labor market conditions.