U.S. jobless-benefit claims remain low despite an increase last week, with the labor market otherwise exhibiting signs of continued tightening, Labor Department data showed Thursday.
HIGHLIGHTS OF JOBLESS CLAIMS (WEEK ENDED MAY 27)
Key Takeaways
Despite the increase in the headline figure, which was the largest in a month, the number of Americans filing for benefit claims continues to hover near a 43-year-low. Last week’s data had an unusually large portion come from estimates, as eight states including California and Texas — the two most populous — had approximated figures ahead of the Memorial Day holiday. The labor market probably registered another solid performance last month, with a projected 180,000 additions to payrolls and the unemployment rate holding at a decade-low of 4.4 percent. The Labor Department releases those monthly figures for May on Friday.
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Dean Popplewell
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