American unemployment claims are more than expected in May

The number of Americans who submit new requests for unemployment benefits has increased more than expected last week, while Unemployment It seems that he has chosen in May with the continuing labor market conditions.

The Ministry of Labor said on Thursday that preliminary demands for unemployment benefits in the state rose 14,000 to 240,000 seasons for the week ending May 24. Reuters expected economists 230,000 claims another week.

Workers are stored by employers after difficulties in finding employment during and after the Covid-19 pandemic in the job market. However, there was a rise in workers’ layoffs due to economic uncertainty as a president Donald Trump It follows an aggressive commercial policy, which economists say it is difficult for companies to plan for the future.

The Federal Reserve witnessed inflation, the unemployed, the risks of stability at the May meeting, the minutes of the minutes

On Wednesday, a US commercial court prevented most of Trump’s tariff from entering into force in a comprehensive ruling that the president had overcome his authority. Economists said that the ruling, while it made some relief, added another layer of Uncertainty about the economy.

A report issued by the Bank of America Institute indicated a sharp rise in higher income families that receive the advantages of unemployment between February and April compared to the same period last year. Her analysis of deposit accounts at Bank of America also showed a noticeable increase between low -income families and average income in April of the same period last year.

Economists expect claims in June to give up 205,000-243,000 this year, mostly driven by difficulties that modify seasonal fluctuations, after a similar pattern in recent years. This will not indicate a physical shift in the conditions of the labor market.

Powell warns that the economy may face “show shocks” more frequently

Minutes Federal Reserve The policy meeting showed from May 6 to 7 on Wednesday, while politicians continued to display the labor market conditions on a large scale, “They evaluated that there is a risk that the labor market will weaken in the coming months.”

They pointed out that there was a “state of great uncertainty” about the expectations of the labor market, adding, “The results depend importantly on the development of commercial policy as well as other government policies.”

The US Central Bank has retained the promotion of the interest rate overnight in a range of 4.25 % -4.50 % since December, where officials have been struggling to estimate the effect of Trump’s tariff, which has sparked the possibility of high inflation and slow economic growth this year.

The claim report indicated that the number of people receiving benefits after a week of first aid, an employee of employment, has increased from 26,000 to 1.919 million Men during the week ending May 17. The high continuous demands reflect the so -called companies frequency in increasing the number of employees due to economic uncertainty.

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Continuous claims covered the period included in the government of living families to the unemployment rate in May. The unemployment rate was 4.2 % in April.

Many people who have lost their jobs suffer from long -term episodes of unemployment. The average unemployment jumped to 10.4 weeks in April from 9.8 weeks in March.