It appears that the labor market is slowing down, despite unemployment benefit application numbers remaining unchanged. Manufacturing firms have reported less activity in terms of new orders. In response, factory employment has decreased- the hours of factory workers have lessened, as well. While the economy seems to be slowing down, the housing market is on the rebound which suggests that the risk of a recession is low.
See "U.S. labor market, manufacturing data point to slowing economy", Lucia Mutikani, Reuters, November 21, 2019