US EditionUS applications for jobless benefits fall last week despite elevated uncertainty over Trump tariffs
- On May 8, the U.S. Labor Department announced that initial claims for unemployment benefits decreased by 13,000 to a total of 228,000 for the period ending May 3.
- This decline occurred amid ongoing uncertainty about the economic effects of President Trump's tariff policies and trade tensions.
- The four-week average of claims rose slightly by 1,000 to 227,000, while total unemployment benefit recipients decreased by 29,000 to 1.88 million for the week of April 26.
- Analysts expected 229,000 new claims, and Federal Reserve Chair Jerome Powell noted tariffs have dampened sentiment but have not yet caused significant economic harm, with the unemployment rate at 4.2%.
- Despite tariff-related risks and signs of economic slowdown, the labor market remains generally robust with relatively few layoffs and continued job growth reported in April.
56 Articles
56 Articles
U.S. applications for jobless benefits fall last week despite elevated uncertainty over Trump tariff
The number of Americans applying for unemployment benefits fell last week despite heightened uncertainty about how President Trump's tariffs will impact the U.S. and global economies.
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