U.S. Jobless Claims Hold Nearly Steady

Posted on AllSides March 4th, 2021
From The Center
Economy and Jobs, jobless claims, unemployment benefits

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...

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