US EditionUS weekly jobless claims rise more than expected as labor market eases
- The Labor Department announced that claims for unemployment benefits increased by 14,000, reaching a total of 240,000 in the week concluding on May 24, 2025, suggesting a softening in the U.S. labor market.
- This increase follows a period since COVID-19 wiped out millions of jobs in spring 2020, with weekly claims generally settling between 200,000 and 250,000 as the economy adjusted.
- In April, U.S. employers created a notable number of new positions, while the unemployment rate remained steady at 4.2%. Additionally, the economy contracted by 0.2% on an annualized basis in the first quarter of 2025, slightly better than initially reported.
- Federal Reserve Chair Jerome Powell highlighted the unusual challenge policymakers face due to the simultaneous risk of rising unemployment and inflation, and he noted that tariffs have negatively affected confidence among consumers and businesses.
- A federal court blocked President Trump's sweeping import tariffs under an emergency-powers law, creating relief in financial markets but casting doubt on the administration's economic strategy amid global slowdown concerns.
Insights by Ground AI
Does this summary seem wrong?
69 Articles
69 Articles
All
Left
13
Center
30
Right
6
Unemployment claims in the United States rose last week, but American workers remain largely secure in their jobs despite economic uncertainty surrounding global trade.
US Jobless Claims Jump to 1-Month High: Department of Labor
The number of Americans filing for new unemployment benefits rose to a one-month high, signaling a potential softening of the U.S. labor market. According to the Department of Labor, initial jobless claims increased by 14,000 to 240,000 for the week ending May 24. The previous week’s level was adjusted down by 1,000 to 226,000. The latest reading came in higher than the consensus forecast of 230,000. Michigan led the country in increased jobless…
·New York, United States
Read Full Article
Coverage Details
Total News Sources69
Leaning Left13Leaning Right6Center30Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 27%
C 61%
12%
Factuality
To view factuality data please Upgrade to Premium
