Tariff headwinds intensify, initial jobless claims increase for second consecutive week

According to BlockBeats, on June 5th, the number of initial jobless claims in the United States increased for the second consecutive week last week, indicating a weak labor market situation amid intensified economic headwinds caused by tariffs. During and after the COVID-19 pandemic, enterprises generally hoarded workers after trying to find labor. However, President Trump's tariff brought more uncertainty, forcing some enterprises to lay off workers. Economists predict that the number of jobless claims at the beginning of this month will exceed the range of 205000 to 243000 in 2025, mainly due to the difficulty of adjusting data for seasonal fluctuations, and similar trends have also emerged in recent years. The increase in the number of applications for unemployment benefits is consistent with the decline in consumer confidence in the job market. (Golden Ten)