Initial jobless claims rise during last week of November, lowers rate cut odds 

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Jobs week continues with the latest initial claims report released this morning. The data came in a bit mixed, but is overall consistent with the 13-week moving average. These numbers are also the first we are getting in the holiday season, which is known as a volatile period. 

Initial jobless claims rose in the week ended Nov. 30, coming in at 224,000. This was a bit higher than analysts’ expectations of 215,000+ from the week prior, which was upwardly revised to 217,500. 

States with the biggest increases in initial claims include Pennsylvania and Kentucky.  

The overall…

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