Source: Reuters
“The number of Americans filing claims for unemployment benefits increased more than expected last week, touching their highest level in four months, but the underlying trend remained consistent with a stable labor market. Economists shrugged off the rise in weekly jobless claims reported by the Labor Department on Thursday as volatility related to last Monday’s Memorial Day holiday. Claims tend to rise around public holidays. They said there were no signs yet the Middle East conflict was having a noticeable impact on the labor market, though uncertainty was growing.” (06/04/26)