Who can interpret whether this data is positive or negative? The number of initial jobless claims in the United States saw a slight decline last week, indicating continued resilience in the job market. On November 21, the U.S. Department of Labor reported that the number of initial jobless claims for the week ending November 16 fell to 213,000, the lowest level since the week ending April 27, 2024, below the market expectation of 220,000 and the previous value of 217,000. Additionally, the number of continuing jobless claims for the week ending November 9 rose to 1.908 million, higher than the market expectation of 1.873 million and the revised previous value of 1.872 million; the four-week average of initial jobless claims for the week ending November 16 decreased to 217,700, with the previous value revised from 221,000 to 221,500. It is reported that this latest initial jobless claims data covers the Veterans Day holiday, which may bring some volatility. Analysts pointed out that despite a surge in jobless claims in early October due to disruptions caused by hurricanes "Helen" and "Milton" as well as strikes by workers at Boeing (BA.US) and another aerospace company, layoffs remain low, mitigating the impact of hiring slowdowns on the labor market. Furthermore, analysts indicate that the unexpected decline in initial jobless claims last week suggests a potential rebound in November's non-farm employment growth after a sudden slowdown last month due to hurricanes and strikes. The non-farm employment report for November may determine whether the Federal Reserve will cut interest rates again in December.