Story perspectives
U.S. Jobless Claims Hit Two-Month High Amid Spring Break
5/2/2025
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Story summary
- New jobless benefit applications in the U.S. increased to 241,000, the highest in two months.
- This rise is linked to school spring breaks in New York, indicating no major labor market changes.
- Unemployment rolls have reached levels not seen in over three years.
- Businesses remain cautious about hiring due to uncertainties surrounding President Trump's trade policy.
