U.S. Jobless Claims Rose 9K to 745K in Feb. 27 Week
By Hannah Lang
Filings for unemployment benefits held nearly steady last week,
a sign layoffs remain elevated amid other signs of slow
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.
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(END) Dow Jones Newswires
March 04, 2021 09:06 ET (14:06 GMT)
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