US Initial Unemployment Claims Inch Higher
2026-05-28 12:36
By
Andre Joaquim
1 min. read
The number of people claiming unemployment benefits in the US rose by 5,000 to 215,000 on the third week of May, slightly above market expectations that it would rise by 1,000.
In the meantime, continuing jobless claims rose by 15,000 to 1,786,000 on the second week of May, in line with expectations of 1,780,000.
Despite the slight increases, the claim counts remained firmly below averages from the previous year and extended the period of stability since the declines in initial claims in the last months, maintaining the backdrop of a robust labor market and adding leeway for the Fed to remain restrictive.
Meanwhile, initial claims filed by federal employees, which have been under scrutiny due to government shutdowns that have delayed unemployment insurance filing, were relatively unchanged at 427.