According to BlockBeats, the number of initial jobless claims in the United States fell more than anticipated last week, indicating a stable labor market despite increasing tariff risks. The U.S. Department of Labor reported a seasonally adjusted decrease of 13,000 claims to 228,000 for the week ending May 3, surpassing market expectations of 230,000.
This decline partially offset the impact of New York State's spring school holidays, which had pushed unemployment claims to a two-month high. Economists suggest that the weak results from business and consumer surveys may eventually affect hard data such as jobless claims, inflation, and employment reports.
On Wednesday, the Federal Reserve maintained interest rates within the 4.25%-4.50% range, with policymakers noting increased risks of rising unemployment and inflation.