The number of Americans filing new applications for unemployment benefits fell last week as companies hoard labor, suggesting the economy maintained a steady pace of job growth in May, but it is becoming harder for those out of work to find new opportunities.

America saw a dip in unemployment claims last week. This hints at stable job growth in May. Initial claims fell to 227,000. Experts predict a rise in claims later. Layoffs might increase in 2025 due to trade policies.