Jobs
US Initial Jobless Claims Tick Up to Highest Since January
- Applications for benefits increased to 221,000 last week
- Continuing claims fell; levels remain below pre-Covid averages
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Initial applications for US unemployment benefits rose last week to the highest since January, consistent with a recent uptick in the number of job cuts.
Initial claims increased by 9,000 to 221,000 in the week ended March 30, according to Labor Department data released on Thursday. The median forecast in a Bloomberg survey of economists called for 214,000.