AI Summary
The number of Americans filing new applications for jobless benefits remained stable during the week ended Feb. 28, according to Department of Labor data released Thursday.
This defied average consenus of a possible 215,000 increase in jobless claims.
|
US Weekly Jobless Claims |
||||
|
Item |
Last Year |
Previous Week |
Latest Week |
Change |
|
Initial Claims (‘000) |
224 |
213 |
213 |
- |
|
Four-Week Average (‘000) |
226.5 |
220.5 |
215.75 |
(4.75) |
|
Total Beneficiaries (mln) |
1.892 |
1.822 |
1.868 |
+0.046 |
The stability in jobless claims indicates that layoff rates remain low, signaling the resilience of the labor market in the world's largest economy. Meanwhile, investors are closely awaiting tomorrow’s release of the February Non-Farm Payrolls (NFP) report.
Be the first to comment
Comments Analysis: