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Jobless claims edge higher, continuing claims lowest since May 2024
Initial unemployment claims rose as expected last week while a longer-term measure hit its lowest level in nearly two years, the Labor Department reported Thursday. First-time filings for unemployment benefits totaled a seasonally adjusted 210,000 for the week ended March 21, up 5,000 from the prior week but in line with the Dow Jones consensus estimate.
Initial unemployment claims rose as expected last week while a longer-term measure hit its lowest level in nearly two years, the Labor Department reported Thursday. First-time filings for unemployment benefits totaled a seasonally adjusted 210,000 for the week ended March 21, up 5,000 from the prior week but in line with the Dow Jones consensus estimate.