Economics
Initial Jobless Claims in U.S. Rose Last Week to Two-Month High
Redefining Full U.S. Employment With Rodgin Cohen
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The number of applications for unemployment benefits in the U.S. climbed last week to a two-month high, a sign of more moderate labor market progress.
Initial jobless claims increased by 11,000 to 276,000 in the week ended March 26, the highest since the end of January, a report from the Labor Department showed on Thursday. The median forecast in a Bloomberg survey called filings to hold at 265,000.