U.S. Jobless Claims Increase While Remaining Near 48-Year LowBy
U.S. filings for unemployment benefits rose by the most in six weeks while still hovering near historically low levels that indicate a tight job market, Labor Department figures showed Thursday.
Highlights of Jobless Claims (Week Ended May 12)
Even with the weekly increase, claims remain near the lowest in almost five decades, indicating the labor market remains robust. Job openings reached a record high in March, and a widespread, persistent shortage of qualified workers is causing employers to retain staff, sometimes using bonuses and non-financial perks to keep people in key roles.
Economists may focus more on the latest results because they reflect the week containing the 12th of the month, which is the reference period for the Labor Department’s May jobs report due June 1.
- Prior week’s reading unrevised at 211,000
- Unemployment rate among people eligible for benefits fell to 1.2 percent from 1.3 percent
- Colorado, Maine had estimated claims last week, according to the Labor Department
— With assistance by Jordan Yadoo