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flag U.S. jobless claims hit a two-month high as economy shrank 0.3% in Q1, citing trade war impacts.

flag Jobless claims in the U.S. hit 241,000 for the week ending April 26, the highest in two months, while the total number of Americans receiving unemployment benefits reached 1.92 million, the most since November 2021. flag Despite these rises, layoffs remain within a historically healthy range. flag The U.S. economy shrank by 0.3% in the first quarter of 2025, attributed to trade war disruptions. flag The Labor Department will release the April jobs report on Friday.

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