AI Summary
The number of applications for unemployment benefits in the US rose in the week ended February 21, according to data released today, Feb. 26, by the US Labor Department, with the increase coming in below expectations that had pointed to a rise to 216,000 claims.
|
US Weekly Jobless Claims |
||||
|
Item |
Last Year |
Previous Week |
Latest Week |
Change |
|
Initial Claims (‘000) |
243.0 |
208.0 |
212.0 |
+4 |
|
Four-Week Average (‘000) |
226.0 |
219.5 |
220.25 |
+0.75 |
|
Total Beneficiaries (mln) |
1.847 |
1.864 |
1.833 |
(0.031) |
An increase in jobless claims by less than expected indicates that layoffs remain relatively limited this month, signaling continued resilience in the labor market of the world’s largest economy.
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