U.S. Jobless Claims Hold Nearly Steady
Filings for unemployment benefits held nearly steady last week, a sign layoffs remain elevated amid other signs of slow labor-market improvement.
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...