Last updated: February 29, 2024 at 8:42 a.m. ET
First published: February 29, 2024 at 8:32 a.m. ET
The numbers: Initial jobless claims rose by 13,000 to 215,000 in the week ended February 24, the U.S. Labor Department said Thursday.
Economists polled by the Wall Street Journal had estimated that the number of new applications would rise to 210,000.
Key details: The number of Americans already collecting unemployment benefits in the week ending February 17 increased by…
The numbers: Initial jobless claims rose 13,000 to 215,000 in the week ended Feb. 24, the U.S. Labor Department said Thursday.
Economists polled by the Wall Street Journal had estimated that the number of new applications would rise to 210,000.
Important details: The number of Americans already collecting unemployment benefits in the week ending February 17 rose by 45,000 to 1.91 million.
Big picture: The damage reports are at a low level. Economists are noticing some weakening in the labor market and do not expect applications to remain as low in the coming weeks. If we take a step back, the data points to continued solid economic growth and stable unemployment.
Market reaction: Shares of DJIA SPX are expected to open lower on Thursday. The yield on the 10-year Treasury note BX:TMUBMUSD10Y rose to 4.291%.