US Filings for Jobless Aid, a Proxy for Layoffs, Inch Down Modestly Last Week as Uncertainty Lingers
- The Labor Department announced that initial claims for unemployment benefits in the U.S. Decreased slightly by two thousand, reaching a total of 227,000 for the seven-day period ending on May 17, 2025.
- This modest decline occurred amid growing economic uncertainty driven by U.S. Trade policy tensions and a recent 90-day trade war pause with China.
- The labor market remains robust with 177,000 jobs added in April and a stable 4.2% unemployment rate, though recent corporate layoffs, including Microsoft’s, hint at some weakening.
- The four-week average of claims rose by 1,000 to 231,500, and 1.9 million Americans received unemployment benefits, reflecting ongoing cautious employer hiring behavior.
- Fed chair Jerome Powell noted elevated risks of higher unemployment and inflation, complicating policy controls, while economists expect trade war effects to impact jobs later this year.
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U.S. filings for jobless aid, a proxy for layoffs, inch down modestly last week as uncertainty lingers
WASHINGTON — The number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over U.S. trade policy.
·Toledo, United States
Read Full ArticleLow weekly jobless claims point to stable US labor market
The number of Americans filing new applications for unemployment benefits dropped last week, suggesting the economy maintained a steady pace of job growth in May, though it is becoming harder for those out of work to find new opportunities.
·United Kingdom
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+44 Reposted by 44 other sources
US filings for jobless aid, a proxy for layoffs, inch down modestly last week as uncertainty lingers
The number of Americans filing unemployment claims last week fell slightly as businesses continue to retain employees despite growing economic uncertainty over U.S. trade policy.
·United States
Read Full ArticleCoverage Details
Total News Sources64
Leaning Left10Leaning Right3Center29Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 24%
C 69%
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