US Unemployment Claims at 227,000... Exceed Market Expectations
[Asia Economy New York=Special Correspondent Joselgina] Last week, the number of new weekly unemployment benefit claims in the United States increased compared to the previous week, exceeding market expectations.
According to the U.S. Department of Labor on the 10th (local time), the number of new unemployment benefit claims last week (February 27 to March 5) was 227,000, an increase of 11,000 from the previous week. This figure surpasses the expert forecast of 216,000 compiled by The Wall Street Journal (WSJ).
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The number of 'continued unemployment benefit claims,' which are claims filed for at least two weeks, recorded 1.49 million, an increase of 25,000. Continued unemployment benefit claims are counted based on data from two weeks prior.
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