US Jobless Claims Climbed

Posted by Bloomberg

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More Americans than forecast filed applications for unemployment benefits last week, a sign the labor market is improving in fits and starts.

Jobless claims increased by 14,000 to 348,000 in the week ended Feb. 22, exceeding all forecasts in a Bloomberg survey and the highest level in a month, from 334,000 in the prior period, a Labor Department report showed today in Washington. A Labor Department spokesman said no states were estimated and there was nothing unusual in the data. – continue reading