Trending Now - Jobless Claims Rise to 211,000 Amid Ongoing Iran Conflict
WHO:
Yahoo Finance - Economists polled by Reuters forecasted 205,000 claims for the latest week.
WHAT:
AP News - U.S. applications for unemployment benefits for the week ending May 9 rose by 12,000 to 211,000, slightly more than the 207,000 new applications analysts surveyed by FactSet had forecast.
AP News - The unemployment rate was unchanged at 4.3%.
AP News - The average price for a gallon of gas in the U.S. has climbed to $4.53 from less than $3 since the beginning of the war in late February.
AP News - Inflation at the consumer level rose 3.8% from April 2025, the biggest jump in three years.
AP News - Wholesale prices shot up 6% from a year ago, the highest point in more than three years.
AP News - The Labor Department’s producer price index shot up 1.4% from March to April, the biggest monthly gain in more than four years.
AP News - Employers added fewer than 200,000 jobs last year, compared with about 1.5 million in 2024, according to FactSet.
AP News - The four-week moving average of jobless claims inched up by 750 to 203,750.
ABC News - The number of Americans filing for jobless aid rose to 211,000.
Yahoo Finance - Initial claims for state unemployment benefits increased by 12,000 to a seasonally adjusted 211,000 for the week ended May 9.
Yahoo Finance - The number of people receiving unemployment benefits after an initial week of aid increased by 24,000 to a seasonally adjusted 1.782 million during the week ended May 2.
Yahoo Finance - Nonfarm payrolls increased by 115,000 jobs in April.
WHERE:
Yahoo Finance - The U.S.-Israel war with Iran has disrupted shipping in the Strait of Hormuz.
WHEN:
Yahoo Finance - The week ended May 9 is referenced for jobless claims.
Yahoo Finance - The week ended May 2 is referenced for the number of people receiving unemployment benefits.
Yahoo Finance - The report mentions that producer prices recorded their biggest increase in four years in April.
WHY:
Yahoo Finance - The war with Iran is driving up inflation due to rising energy prices.
Yahoo Finance - There are concerns that shortages and rising inflation could cause layoffs in some industries.
HOW:
Yahoo Finance - The Labor Department reported the increase in jobless claims and unemployment benefits.
(UPDATED May 14, 2026 23:19 UTC)
U.S. applications for unemployment benefits for the week ending May 9 rose by 12,000 to 211,000, which is slightly above the 207,000 new applications that analysts had predicted. Meanwhile, the unemployment rate remained unchanged at 4.3%, and inflation at the consumer level saw its biggest jump in three years, rising 3.8% from April 2025. Additionally, the average price for a gallon of gas has climbed to $4.53, a significant increase from less than $3 since the onset of the war in late February.
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(UPDATED May 14, 2026 17:38 UTC)
Economists polled by Reuters forecasted 205,000 jobless claims for the latest week, but the actual number rose to 211,000, marking an increase of 12,000 claims for the week ended May 9. Additionally, the number of people receiving unemployment benefits after an initial week of aid climbed by 24,000 to a seasonally adjusted 1.782 million during the week ended May 2, as the U.S.-Israel war with Iran continues to disrupt shipping in the Strait of Hormuz and drive up inflation. The Labor Department's report also noted that nonfarm payrolls increased by 115,000 jobs in April, but concerns remain that rising energy prices and inflation could lead to layoffs in some industries.