The number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting the labor market continued to chug along, though risks are mounting from tariffs.

Initial jobless claims for week ended May 10 were 229 K vs. 229K consensus and 229K prior (revised from 228K). The four-week moving average was 230,500, an increase of 3,250 from the previous week's revised average  of 227,

The number of Americans filing new applications for unemployment benefits fell sharply last week as the spring break-related boost from the prior week faded, suggesting the labor market continued to chug along,