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 held steady at 229,000 in the week ending May 10, the Labor Department said Thursday.   Economists polled by The Wall Street Journal had estimated new claims would fall by 2,000 to 226,

K vs. 229K consensus and 229K prior (revised from 228K). Continuing claims: 1.881M vs. 1.890M consensus and 1.872M prior (revised from 1.879M).