US Initial Jobless Claims Tick Up After Falling Near Decades Low

Applications for US unemployment benefits rebounded slightly after falling in the previous week to near the lowest levels in decades, signaling layoffs remain muted despite recent job-cut announcements.

Initial claims rose by 10,000 to 200,000 in the week ended May 2, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 205,000 applications.