Key Points: New US unemployment benefits claims surged by 22,000 to 231,000 for the week ended May 4, surpassing economists' expectations. Seasonal factors, including the conclusion of school spring breaks, likely contributed to the rise in unemployment claims. The labor market is undergoing adjustments following the Federal Reserve's interest rate hikes, tempering economic demand. The number of individuals accepting benefits after the initial week increased, indicating ongoing shifts in hiring activity and employment conditions. The number of Americans filing new...