Business
Jobless Claims Remain Steady Despite Holiday
Initial jobless claims in the U.S. rose to a four-month high in late May, but this increase is attributed to the timing of the Memorial Day holiday rather than an uptick in layoffs.
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The number of people who applied for unemployment benefits at the end of May jumped to a four-month high, but not because businesses are laying off more workers. The timing of the Memorial Day holiday was an X-factor.
2026-06-04 13:10 UTC