U.S. initial unemployment insurance claims up 21,000 from last week to 211,000 – forecast 195,000
Home » Business » U.S. initial unemployment insurance claims up 21,000 from last week to 211,000 – forecast 195,000

U.S. initial unemployment insurance claims up 21,000 from last week to 211,000 – forecast 195,000

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U.S. unemployment claims last week surpassed market expectations and hit the highest level since December last year. The labor market remains tight, but hinted at some softening.

Key Point
  • Initial unemployment claims for the week ending March 4 increased by 21,000 to 211,000
    • The median economist estimate is 195,000.
    • 190,000 last week
  • Number of continuing unemployment insurance beneficiaries (week ending 25 February) increased to 1,718,000
    • The median estimate compiled by Bloomberg is 1.66 million.
    • Last week revised to 1,649,000 (preliminary figure: 1,655,000)

The four-week moving average of flat unemployment claims rose to 197,000.

See table for detailed statistics.

Original title:US Jobless Claims Jump to 211,000, Highest Level Since December

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