Unemployment Claims Rise Last Week
Washington, DC, Feb. 26, 2015 -- Initial claims for unemployment benefits surged last week above 300,000 to the highest level in seven weeks, according to the Labor Department.
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Initial claims rose by 31,000 to 313,000 in the week ended Feb. 21.
Claims have ranged from 267,000 to 317,000 this year.
Applications are running 11% below last year levels. The fourth-week average of claims remained below 300,000 for the fifth consecutive week.