U.S. Weekly Jobless Claims Rise Less Than Expected

First-time claims for U.S. unemployment benefits rebounded in the week ended May 2, but by less than expected. The report is a modest labor-market data point and does not indicate a major shift in conditions on its own.

Analysis

First-time claims for U.S. unemployment benefits rebounded in the week ended May 2, but by less than expected. The report is a modest labor-market data point and does not indicate a major shift in conditions on its own.