US weekly jobless claims post largest increase in five months

Posted on AllSides March 9th, 2023
From The Center
REUTERS/Bryan Woolston

The number of Americans filing new claims for unemployment benefits increased by the most in five months last week, but the underlying trend remained consistent with a tight labor market.

Initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, the Labor Department said on Thursday. That was the largest increase since October and lifted claims to a two-month high.

Economists polled by Reuters had forecast 195,000 claims for the latest week. The four-week moving average for new claims, a better...

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