Jobs
US Initial Jobless Claims Hit Highest of 2025 as DC Layoffs Jump
- New applications for benefits rose to 242,000 last week
- Claims in the US capital have been rising since start of year
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Applications for US unemployment benefits rose to the highest this year, amid an increase in job-cuts announcements at corporations and federal agencies.
Initial claims increased by 22,000 to 242,000 in the week ended Feb. 22, matching the highest level since October, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 221,000 applications.