US weekly jobless claims post largest increase in five months

Source: Reuters

“The number of Americans filing new claims for unemployment benefits increased by the most in five months last week, but the underlying trend remained consistent with a tight labor market. Initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, the Labor Department said on Thursday. That was the largest increase since October and lifted claims to a two-month high. Economists polled by Reuters had forecast 195,000 claims for the latest week.” (03/09/23)