TechFlow news, on June 5, according to Jinshi Data, the number of initial U.S. jobless claims rose for a second consecutive week, indicating softening labor market conditions amid increasing economic headwinds from tariffs. After companies stockpiled workers while struggling to find labor during and after the pandemic, growing uncertainty caused by President Trump's tariffs has forced some businesses to cut jobs. Economists expect initial jobless claims this month to exceed the range of 205,000 to 243,000 seen in February 2025, largely due to difficulties adjusting data for seasonal fluctuations and similar trends observed in recent years. Continuing claims have risen, consistent with declining consumer confidence in the job market.
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