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US jobless aid filings, a proxy for layoffs, hit highest level since Iran war began in February
US jobless aid filings rose to 225,000 in the week ending May 30, the highest since the Iran war began in February, though layoffs remain historically low. The war has driven oil prices up 50%, with gas prices now at $4.24 per gallon, and contributed to rising inflation, which hit 3.8% in April 2025. Companies like Verizon, UPS, Amazon, Disney, Starbucks, and Walmart have recently cut jobs amid economic uncertainty.
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- US filings for jobless aid, a proxy for layoffs, rose to a still-healthy 225,000 last week