(RTTNews) - The Labor Department released a report on Wednesday showing first-time claims for U.S. unemployment benefits increased by more than expected in the week ended November 19th. "The Fed needs the labor market too cool to engineer a soft landing but the monetary policy implications of the recent rise in new filings isn't significant," said Ryan Sweet, Chief US Economist at Oxford Economics. He added, "To engineer a soft landing and put downward pressure on inflation, the Fed needs to tighten monetary policy sufficiently to slow GDP growth to a below-potential pace to reduce labor demand."