Continuing Unemployment Claims Reach 1.881 Million, Below Expectations
Last week, the number of new unemployment benefit claims in the United States remained at the same level as the previous week, meeting expectations.
According to the U.S. Department of Labor on May 15 (local time), the number of new unemployment benefit claims for the week of May 4 to 10 was 229,000, the same as the revised figure for the previous week. This also matched the market forecast of 229,000.
The number of continuing unemployment benefit claims, which counts those filing for benefits for at least two consecutive weeks, was 1,881,000 for the week of April 27 to May 3. This was higher than the previous week's revised figure of 1,872,000, but lower than the expert forecast of 1,890,000.
Wall Street is closely monitoring labor market, inflation, and growth indicators to assess the impact of President Donald Trump's tariff policies, as well as federal government workforce and cost reductions, on the economy.
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