Jobless Claims in U.S. Climbed Less Than Forecast Last Week
- Week concides with period for survey on payrolls, jobless rate
- Underlying labor demand `remains very strong,' economist says
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Fewer Americans than forecast filed applications for unemployment benefits last week, illustrating the Federal Reserve’s view of a stronger labor market.
Initial jobless claims climbed by 7,000 to 265,000 in the week ended March 12, a report from the Labor Department showed on Thursday. Last week also coincided with the period that the government surveys businesses and households to calculate payrolls and the jobless rate for March.