News

Jobless Claims Rise As Trump Economy Faces Challenges

Jamie Jackson
March 3, 2025

Reading Time: < 1 minute

(AURN News) — More bad news for the Trump economy as new data shows a rise in jobless claims. The Department of Labor reports for the week ending February 22, 242,000 people applied for unemployment insurance. That’s an increase of 22,000 people compared to the previous week.

The recent uptick in jobless claims comes amid broader economic concerns. Inflation still remains elevated, and Wall Street has expressed worries about potential economic impacts from the Trump administration‘s proposed tariffs on imports from China, Mexico and Canada.

Cryptocurrency markets have also experienced declines, despite the administration’s stated commitment to supporting and expanding the role of digital currencies in the economy.

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Jamie Jackson is an Emmy-nominated television and radio broadcaster who has served American Urban Radio Networks since 2015. He previously covered the Obama and Trump administrations as a White House Correspondent and Pool Reporter for AURN News. Jamie hosted a national PBS television special in 2023 and over the years has worked as a TV news anchor and local NPR host for stations across the country. His work has been honored by numerous organizations, including the NAACP and the Virginia Farm Bureau.