Weekly jobless claims surge to 241,000, more than expected, in latest sign of economic trouble

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7. It's worse than that... DOGE severance terms prevented the fired workers from filing for UE!

Initial jobless claims in the United States rose by 18,000 to 241,000 in the week ending April 26, the highest since February and well above market expectations of 224,000.

On a non-seasonally adjusted basis, initial claims increased by 12,901 to 223,614, mainly in New York (+15,525) and Massachusetts (+3,251). In the meantime, outstanding jobless claims rose by 83,000 to 1,916,000 in the week ended April 19, the highest since November 2021 and also above market expectations of 1,860,000.

Initial unemployment claims filed under programs for Federal government employees, which have been under close scrutiny due to firings by the Department of Government Efficiency (DOGE), fell by 187 people to 470. Despite the relatively low number, reports that many firings by DOGE were done with severance packages prevent employees from claiming benefits immediately after being terminated. source: U.S. Department of Labor

https://tradingeconomics.com/united-states/jobless-claims