The number of Americans filing new applications for unemployment benefits last week increased for a second straight week, pointing to softening labor market conditions amid mounting economic headwinds from tariffs.

Initial jobless claims hit the highest level since October last week, according to the Labor Department's jobless claims report. In the week through May 31, 47,000 people newly filed for unemployment benefits,

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