In the week ending May 3, the advance figure for seasonally adjusted initial claims was 228,000, a decrease of 13,000 from the previous week's unrevised level of 241,000. The 4-week moving average was 227,000, an increase of 1,000 from the previous week's unrevised average of 226,000. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending April 26, a decrease of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending April 26 was 1,879,000, a decrease of 29,000 from the previous week's ... (full story)

The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting the labor market continued to chug along, though risks are mounting from tariffs. Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 228,000 for the week ended May 3, the Labor Department said on Thursday. Economists polled by Reuters had forecast 230,000 claims for the latest week. The decline unwound some of the boost from school spring breaks in New York state, which had lifted claims to a two-month high. President Donald Trump's sweeping tariffs, including ... (full story)