However, concerns about tariffs and recession risks persist
Claims remain in historically healthy range as labour market shows resilience
Unemployment benefits claims dipped by 4,000
Decline wipes out gains from previous month, as tariff concerns, economic uncertainty weigh on sentiment
U.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges
Unemployment benefits claims edged higher last week to 247,000
U.S. labour market remains strong with steady job growth and low unemployment
Tariff-related anxiety eased, with fewer Americans expecting a recession in the next year
The unemployment rate held at a healthy 4.2% in April
Producer price index falls 0.5% in April, with tariffs impact expected to show up starting in June