WASHINGTON (AP) – U.S. jobless claim applications rose last week but remain at historically low levels despite elevated inflation and other economic headwinds. More from Bernie Bennett. VERBATIM: The Labor Department reported Thursday that the number of Americans filing for unemployment benefits in the week ending May 2 rose by 10,000 to 200,000. That’s fewer […]
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Jobless Claims
WASHINGTON (AP) – U.S. jobless claim applications rose last week but remain at historically low levels despite elevated inflation and other economic headwinds. More from Bernie Bennett.
VERBATIM:
The Labor Department reported Thursday that the number of Americans filing for unemployment benefits in the week ending May 2 rose by 10,000 to 200,000. 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.