The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market, though a slowdown in hiring has led some laid-off workers to experience long bouts of joblessness.

The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Tuesday also showed layoffs remained low and workers were reluctant to quit their jobs. There were 1.13 job openings for every unemployed person,

Weekly jobless claims in the United States have fallen to an 11-month low, signaling a resilient labor market even as hiring activity slows. The decline underscores a steady pace of layoffs, reflecting broader economic stability,

U.S. job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal Reserve to be in a rush to cut interest rates.