Jobless Claims Rise to Two-Month High -- WSJ

Dow Jones05-01

By Matt Grossman

Ahead of Friday's April jobs report, here's a small cautionary sign: weekly filings for new unemployment benefits hit the highest level since February.

In the last full week of April, 241,000 Americans sought jobless benefits, well more than analysts were expecting and the greatest figure in more than two months.

Still, the rise wasn't such a big jump that economists will be sounding the alarm just yet. Bigger increases over the past 12 months have quickly reversed.

Friday's report is likely to be closely scrutinized, as the first nonfarms payrolls report covering the period since President Trump's April 2 "Liberation Day" tariff announcement.

That report will give a broader, but more dated, view of the labor market than jobless claims, reflecting midmonth April surveys of households and businesses. Economists expect a sizable slowdown in job creation, but a steady unemployment rate at 4.2%.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

May 01, 2025 09:14 ET (13:14 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Bigger increases over the past 12 months have quickly reversed. \n\n\n     Friday's report is likely to be closely scrutinized, as the first nonfarms payrolls report covering the period since President Trump's April 2 \"Liberation Day\" tariff announcement. \n\n\n     That report will give a broader, but more dated, view of the labor market than jobless claims, reflecting midmonth April surveys of households and businesses. Economists expect a sizable slowdown in job creation, but a steady unemployment rate at 4.2%. \n\n\n       This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  May 01, 2025 09:14 ET (13:14 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":false,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2532077242","isCrawlerRequest":true}