US Jobless Claims Hit Eight-Month High Amid Market Uncertainty

U.S. unemployment benefit applications increased to 247,000 last week, the highest in eight months, amid concerns over tariffs impacting the economy. Despite this rise, the labor market remains relatively healthy, though signs of cooling include fewer job quits and a slowdown in job growth, with analysts expecting only 130,000 new jobs in May. Tariffs and global economic uncertainties continue to influence business sentiment and employment trends.