International Economic

US initial jobless claims hit five-week high

By Iain Gilbert

Date: Thursday 29 May 2025

(Sharecast News) - Americans lined up for unemployment benefits at an accelerated pace in the week ended 10 May, according to the Department of Labor.
Initial jobless claims rose by 14,000 week-on-week to 240,000, the highest reading in a month, and above expectations of 230,000. Outstanding claims rose by 26,000 to...

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