Applications for US unemployment benefits unexpectedly rose last week to the highest since October, adding to signs that the job market is cooling.

Weekly jobless claims in the U.S. increased more than expected in May to a seasonally adjusted 240,000 for the week ended May 24, according to the Labor Department.

The number of Americans filing new applications for unemployment benefits rose slightly last week and could trend higher as companies navigate President Donald Trump's tariffs on imports.

Applications for US unemployment benefits ticked down last week as initial claims decreased by 5,000 to 245,000 in the week ended June 14. Michael McKee reports on Bloomberg Television.

In the week through April 19 there were 222,000 initial jobless claims, compared with 216,000 a week earlier. Economists had been forecasting 220,000 initial claims.

Rising Treasury yields cooled down in late trading to settle slightly above yesterday’s levels, as markets watch developments on the tariffs front.

The US Dollar Index (DXY), which measures the value of the Greenback against a basket of six major currencies, is edging ...