US EditionUS weekly jobless claims rise more than expected as labor market eases
- The Labor Department announced on Thursday that the number of initial jobless claims increased by fourteen thousand, reaching a total of two hundred forty thousand for the week concluding on May 24, 2025.
- This increase follows a generally stable labor market since COVID-19 wiped out millions of jobs in spring 2020 but recent economic data show some easing.
- U.S. Employers added 177,000 jobs in April while the unemployment rate remained steady at 4.2%, considered a healthy level by analysts.
- Federal Reserve Chair Jerome Powell highlighted that tariffs have negatively impacted both consumer and business confidence, contributing to concerns about simultaneously rising unemployment and inflation.
- The rise in jobless claims amid persistent inflation pressures complicates the Fed’s dual mandate to control prices while keeping unemployment low, suggesting uncertain economic conditions ahead.
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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
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Total News Sources68
Leaning Left12Leaning Right6Center29Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 26%
C 62%
13%
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