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Unemployment Claims Slip, Fed Holds Rates Amid Stable Jobs

5/2/2026

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Summary

Story summary

The Labor Department said initial unemployment claims fell by 26,000 to 189,000 for the week ended April 25, while continuing claims dropped to 1.79 million, a two-year low.
The Federal Reserve left rates unchanged on Wednesday, citing a stable labor market.
Fed Chair Jerome Powell said the labor market shows more signs of stability.

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Story summary

The Labor Department said initial unemployment claims fell by 26,000 to 189,000 for the week ended April 25, while continuing claims dropped to 1.79 million, a two-year low.
The Federal Reserve left rates unchanged on Wednesday, citing a stable labor market.
Fed Chair Jerome Powell said the labor market shows more signs of stability.