U.S. applications for unemployment benefits fell to their lowest level in more than three years last week, potentially complicating the Federal Reserve’s upcoming decision on interest rates.

Unemployment is measured by the US Bureau of Labor Statistics US President Donald Trump has long campaigned for the Fed to cut rates, arguing that high interest rates act as a barrier to jobs and investment. But the Federal Reserve is independent and must consider a range of factors when deciding to cut rates,

Initial applications for unemployment benefits in the week through Saturday plunged from already low levels. The labor market is showing the effects of overhiring during the pandemic.

Unprecedented stress is hitting the US labor market for college graduates, who now represent a record 25.3% of the unemployed. Recent data shows over 1.9 million degree holders are jobless, with their unemployment rate climbing to 2.

September jobs data showed US companies added more than 100,000 payrolls ahead of the historic government shutdown last month. Uncertainty still consumes the American job market - here's what we know.

US applications for unemployment benefits fell to their lowest level in more than three years during Thanksgiving week, potentially complicating the Federal Reserve’s upcoming decision on interest rates.