Initial jobless claims in the US exceed market expectations

Initial jobless claims in the US exceeded market expectations, reaching one-month high. Figures rose by 14,000 to 240,000 in the week ended May 10. Continuing claims also climbed by 26,000 to 1,919,000, the highest level since November 2021, surpassing forecasts of 1,1890,000. The results indicate potential labour market softening amid economic uncertainty,