BUSINESSMARKETWATCH
Jobless claims jump to a 4-month high, but don’t be fooled: Layoffs aren’t on the rise
Jobless claims rose to a four-month high at the end of May, but the increase is attributed to the timing of the Memorial Day holiday rather than rising layoffs.
Related Signal
Adjacent reporting
- US Initial Jobless Claims Up Slightly, Continuing Claims Near Two-Year Low
- Bitcoin Closes April Up 12% as Strategy's MSTR Posts First Positive Month Since July
- Private payrolls rose by 109,000 in April, topping expectations, ADP says
- Oil prices rise, but not by enough to keep Wall Street from more records
- Kalshi see valuation double to $22B after $1B raise as prediction markets boom
- Inflation expected to jump to a 3-year high as Iran war continues to fuel rising prices