US Jobless Claims Data Shows Unexpected Surge and Economic Uncertainty

May 1, 2025, 9:20 am

Recent reports detail a sharp uptick in U.S. weekly jobless claims, with figures exceeding expectations. One version even points to “DOGE actions” as a dramatic catalyst for massive layoffs, adding an ironic twist to the economic narrative. The numbers underscore mounting labor market challenges that are hard to ignore amid broader economic concerns.

reuters.com/business / US weekly jobless claims increase more than expected - Reuters

US weekly jobless claims increase more than expected Reuters

zerohedge.com / Jobless Claims Jumped Last Week As 'DOGE Actions' Spark Biggest YTD Layoffs Since 2020

Jobless Claims Jumped Last Week As 'DOGE Actions' Spark Biggest YTD Layoffs Since 2020 So far this year, employers have announced 602,493, the highest year-to-date total since 2020 when 1,017,812 job cuts were recorded, according to the latest data from global outplacement and…

permalink / 2 stories from sources in 6 hours ago #recession #jobs #us #economy

More Top Stories...

Apple Under Fire: Epic Trial Exposes App Store Noncompliance

The legal battle between Apple and Epic Games heats up as a federal judge lambasts Apple for failing to comply with mandated App Store reforms. In separate rulings, the court highlighted deliberate falsehoods about its 27% commission fee, setting the stage for potential further legal and regulatory backlash. More...

Nvidia and Anthropic Clash Over US AI Chip Export Restrictions

In a spirited exchange that’s as dramatic as a tech thriller, Nvidia and Anthropic are at odds over US export restrictions on AI chips destined for China. The dispute pits national security concerns against economic ambitions, with both camps trading barbs in a high-stakes debate over future technological competitiveness. More...

Meta Q1 Earnings Reveal Resilient Growth Amid Advertising Challenges

Meta’s Q1 fiscal results painted a compelling picture of resilience as the company not only recorded impressive net income figures but also reported booming ad revenues driven by strong growth in the Asia-Pacific market. Despite economic jitters elsewhere, Meta’s performance has left investors with mixed feelings of cautious optimism and raised eyebrows. More...

Google Expands AI Mode to Enhance Search Capabilities

Google is upping its search game by expanding access to its AI Mode, an experimental feature that promises a more conversational and intuitive query experience reminiscent of ChatGPT. The rollout brings additional functionality and continuity between sessions, reflecting Google’s ongoing efforts to blend traditional search with modern AI innovations. More...

Microsoft Unveils Phi-4 AI Models Showcasing Compact High-Performance Reasoning

Microsoft rolled out its new Phi-4 reasoning models, a move heralded as a major step forward for more agile AI capabilities. The release demonstrates that, with just the right mix of training wizardry and data curation, even smaller models can flex their intellectual muscles, much to the delight—and occasional disbelief—of tech enthusiasts. More...

Related Tags