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U.S. weekly unemployment claims rise more than expected as tariffs weigh on economy

  • U.S. Jobless claims increased significantly by eighteen thousand, reaching a total of two hundred forty-one thousand during the week that concluded on April 26, marking the highest level seen in the past two months.
  • The increase outpaced analysts' forecast of 225,000 new applications amid ongoing economic pressures from tariffs and market conditions.
  • For the week ending April 19, the number of people in the U.S. Collecting unemployment benefits rose to 1.92 million, marking the highest level seen since November 2021.
  • The four-week average of jobless claims rose by 5,500 to 226,000, which softens week-to-week volatility while applications remain within a historically healthy range.
  • Despite the rise, layoffs remain at relatively stable levels, suggesting that the job market holds resilience amid recent economic strains.
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FXStreet broke the news in on Thursday, May 1, 2025.
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