US Jobless Claims Increase Amid Economic Uncertainty and Profit Declines
TL;DR Summary
U.S. initial unemployment claims increased by 14,000 to 240,000 for the week ending May 24, with notable rises in Illinois, Missouri, Louisiana, Connecticut, and New York, while claims decreased in Virginia and Michigan; continuing claims also rose compared to last year, indicating ongoing labor market challenges.
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- More Americans file for jobless aid but layoffs remain low despite economic uncertainty over tariffs AP News
- U.S. jobless claims rise sharply as corporate profits slump Honolulu Star-Advertiser
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