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US jobless claim applications rise to 200K but remain historically low
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US jobless claim applications rise to 200K but remain historically low

ABC News·ABC News·26 days ago
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WASHINGTON -- U.S. jobless claim applications rose last week but remain at historically low levels despite elevated inflation and other economic headwinds. The number of Americans filing for unemployment benefits in the week ending May 2 rose by 10,000 to 200,000, the Labor Department reported Thursday. That’s fewer than the 205,000 new applications analysts surveyed by the data firm FactSet were expecting. The previous week’s new claims figure, which was the fewest since 1969, was revised up by 1,000 to 190,000. Weekly filings for unemployment benefits are considered a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market. Despite dwindling layoffs shown in government data, the Iran war, now in its third month, has injected a large degree of uncertainty about how it will affect the U.S. and global economies even as Iran and the U.S. remain under a ceasefire agreement with growing optimism that an end to the war is near. U.S.…

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