AI Summary
The number of Americans filing new claims for unemployment benefits last week rose more than expected, amid increased layoffs due to economic uncertainty, fueled by President Donald Trump’s strict trade policies.
Initial claims for state unemployment benefits increased by 14,000 to 240,000 for the week ended May 24, from the previous week’s figure that was revised down by 1,000, the US Labor Department said on Thursday. Economists had expected applications to grow by 3,000.
|
Weekly US Jobless Claims |
||||
|
Item |
Last Year |
Last Week |
Current Week |
Change |
|
Initial Claims (‘000) |
221 |
226 |
240 |
+14 |
|
Four-Week Average (‘000) |
222 |
231 |
230.75 |
(2500) |
|
Total Beneficiaries (mln) |
1.798 |
1.893 |
1.919 |
+0.026 |
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