Applications for unemployment benefits in the U.S. saw a slight dip last week, signaling continued low layoff rates even as a confluence of economic uncertainties, including Trump’s ongoing war in Iran, cast a shadow over the nation's financial outlook.
The Labor Department reported Thursday that new claims for jobless aid for the week ending May 16 fell by 3,000 to 209,000. This figure was lower than the 213,000 new applications analysts surveyed by FactSet had anticipated, suggesting a tighter labor market than some forecasts.
