Weekly jobless claims rise less than expected despite weather impact


Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts from a pandemic that has been around now for nearly a year.

The Labor Department on Thursday reported that first-time filings for unemployment insurance in the week ended Feb. 27 totaled a seasonally adjusted 745,000, a touch below the Dow Jones estimate of 750,000. The total was a slight uptick from the previous week’s upwardly revised 736,000.

Unseasonably harsh winter storms in Texas took a toll on the labor market, resulting in an increase of 17,769 filings for the state, according to unadjusted data. Ohio and New York also saw considerable increases in…


Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily

Previous article

DOJ hiring subpoena is ‘definition of government overreach’

Next article

You may also like

Leave a Reply

Notify of

More in Economy