By Hannah Lang

Filings for unemployment benefits held nearly steady last week, a sign layoffs remain elevated amid other signs of slow labor-market improvement.

The Labor Department said jobless claims, a proxy for layoffs, rose slightly to 745,000 for the week ended Feb. 27, from a revised 736,000 the prior week. The four week moving-average, which smooths out week-to-week volatility in claims numbers, fell to its lowest level since early December.

Worker filings for jobless benefits remain elevated and higher than their pre-pandemic peak of 695,000, but have eased since the start of the year when they peaked at more than 900,000.

Write to Hannah Lang at


(END) Dow Jones Newswires

March 04, 2021 09:06 ET (14:06 GMT)

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