Analysts: Although the initial claims data has risen and is worth following, it is not yet worrisome.

On May 29, Carl Weinberg, an economist at High Frequency Economics, pointed out that the number of initial jobless claims in the United States rose to the highest level since April in the latest week, but he believes that although this increase is worth paying attention to, it is not yet to the extent of worry. Weinberg highlighted that the number of claims is still low by historical standards, suggesting that businesses are still reluctant to lay off skilled and trained employees that may be needed in the future. “While uncertainty remains high after the GDP data, companies remain cautious about layoffs,” he wrote. ”