Initial jobless claims edged higher for the second straight week after last month reaching their lowest level since 1969.
The number of Americans filing applications for unemployment benefits rose by 12,000 to 211,000 for the week ending May 9, according to the Department of Labor.
Last week’s reading was revised slightly lower to 199,000.
This came in above economists’ expectations of 205,000.
The four-week average, which strips out week-to-week volatility, stayed below 204,000.
Jobless claims have hovered around historically low levels for the past three months, signaling the U.S. labor market’s continued resilience.
Even as the U.S. economy faces renewed price pressures amid Middle East tensions, the employment arena remains resilient….