U.S. jobless aid filings fall to 189,000 despite economic headwinds and war in Iran [Globe and Mail, The (Toronto, Canada)]
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Source: Globe and Mail, The
U.S. jobless aid applications for the week ending April 25 fell by 26,000 by to 189,000, down from the previous week's 215,000, the Labor Department reported Thursday. That's well below the 214,000 new applications analysts surveyed by the data firm FactSet were expecting. Filings for unemployment benefits are considered a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market. The Iran war, now in its ninth week, has injected a large degree of uncertainty about how it will affect the U.S. and global economies even as Iran and the U.S. remain under a ceasefire agreement. U.S. financial markets have rebounded near record levels and prices for a barrel of U.S. crude oil remain elevated around $104 per barrel. That's better than the $112 earlier this month, but still 50% higher than before the war began. Gas prices also much higher since the war began — AAA says the national average Thursday was at $4.30 a gallon —- saddling businesses and co
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