Initial filings for unemployment benefits hit their highest level of the year last week.Initial filings for unemployment benefits hit their highest level of the year last week.
Initial filings for unemployment benefits hit their highest level of the year last week in another potential signs of weakness in the labor market.
Jobless claims for the week ending Feb. 22 totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the Dow Jones estimate for 225,000, according to a Labor Department report Thursday.
The level of claims matched the highest level since early October 2024 and comes amid questions over broader economic growth and worrying signs in recent consumer sentiment surveys.
This is breaking news. Please refresh for updates.
