Filings for U.S. jobless aid jumped last week, according to the Associated Press, but American workers broadly remain secure in their jobs despite economic uncertainty over global trade. Jobless benefits applications rose by 14,000 to 240,000 for the week ending May 24, the Labor Department said Thursday. Analysts had forecast 226,000 new applications.
Weekly applications for jobless benefits are seen as representative of U.S. layoffs and have mostly settled in a historically healthy range between 200,000 and 250,000 since COVID-19 throttled the economy in the spring of 2020, wiping out millions of jobs.
The four-week average of claims, which evens out some of the week-to-week volatility, ticked down by 250 to 230,750. The total number of Americans receiving unemployment benefits for the week of May 17 increased by 26,000 to 1.92 million.
