U.S. Jobless Claims Rise to 240,000 but Labor Market Remains Resilient
Initial filings for U.S. unemployment benefits rose to 240,000 for the week ending May 24, marking a 14,000 increase from the previous week, according to data released Thursday by the Labor Department.
The figure came in above analysts’ expectations of 226,000, but remains well within the historically stable range observed since the post-pandemic recovery began.
Jobless claims are widely viewed as a proxy for the pace of layoffs in the economy. Despite the latest uptick, the overall range of 200,000 to 250,000 weekly claims suggests that most American workers remain secure in their employment.
Since the spring of 2020, when the COVID-19 pandemic triggered a historic wave of job losses, the U.S. labor market has gradually regained strength. While economic uncertainties tied to global trade and inflation persist, current jobless trends do not indicate any severe erosion in labor market fundamentals.
Analysts note that minor fluctuations in claims are typical and do not necessarily reflect a weakening jobs environment—especially when measured against the broader context of low unemployment and steady hiring.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
