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Number of Americans filing for unemployment benefits rises to 242,000, highest level in 3 months

  • Applications for U.S. Jobless benefits increased by 22,000 to 242,000 for the week ending February 22, according to the Labor Department.
  • The four-week average of jobless claims rose by 8,500 to 224,000, indicating some volatility in the labor market.
  • Joseph Brusuelas stated that layoffs are expected to be a 'steady drip, drip, drip' rather than a sudden spike in unemployment.
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channelchek.com broke the news in on Thursday, February 27, 2025.
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