Indicators

US Jobless Claims Tick Up, Still Show Strong Labor Demand

WATCH: US initial jobless claims ticked up by 2,000 to 232,000 in the week ended May 27. Continuing claims were little changed at 1.8 million in the week ended May 20.Source: Bloomberg

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By Vince Golle

June 1, 2023 at 12:34 PM UTC

Updated on

June 1, 2023 at 12:42 PM UTC

This article is for subscribers only.

Applications for US unemployment benefits rose slightly last week to a level that’s still consistent with resilient demand for labor.

Initial jobless claims edged up by 2,000 to 232,000 in the week ended May 27, a Labor Department report showed Thursday. The median forecast in a Bloomberg survey of economists called for 235,000 claims.