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Jobless Claims Come In Below Estimates, Indicating Labor Market Remains Tight

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The Fed’s June decision on interest rates just got a bit more complicated.

New claims for unemployment benefits in the week that ended May 20 came in at 229,000, an increase of 4,000 from the downwardly revised estimate for the previous week.

Massachusetts has said that it detected a high level of fraudulent claims and lowered its estimates significantly.

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More Americans apply for jobless benefits, but labor market remains tightU.S. applications for jobless claims rose slightly last week but remain at healthy levels as companies seem reticent to let go of employees in a tight labor market.
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