Weekly jobless claims total 214,000, better than expected for tight labor market

Posted on AllSides March 17th, 2022
From The Center

The U.S. labor market tightened further last week, with jobless claims coming in at the lowest level since the beginning of the year, the Labor Department said Thursday.

Initial filings for unemployment insurance totaled 214,000 for the week ended March 12, better than the Dow Jones estimate for 220,000 and a decline of 15,000 from the prior week.

The total was the lowest since Jan. 1 and marked another sign that the market and its 3.8% jobless rate was nearing full employment.

The four-week moving average, which accounts for weekly...

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