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What will be the trend of continuing jobless claims by the end of June 2024?
5
Resolution / Starting Odds
Decrease below 1.7 million • 33%
Stable between 1.7 million and 1.8 million • 34%
Increase above 1.8 million • 33%
U.S. Department of Labor's weekly jobless claims report
Story
U.S. Jobless Claims Surge by 22,000 to 231K, Highest Since August
May 9, 2024, 01:01 PM
U.S. initial jobless claims for the week ending May 4 surged by 22,000 to 231,000, significantly exceeding expectations and marking the highest level since August 2023. Analysts had anticipated a figure of around 212,000, following the previous week's 209,000. This unexpected rise in unemployment claims suggests a potential softening of the labor market. The 4-week average for jobless claims also increased to 215,000. Meanwhile, continuing jobless claims saw a slight increase, reaching 1.785 million compared to the previous week's 1.774 million and slightly below the forecast of 1.782 million.
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