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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 Feb. 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 job market.
  • Despite some weakening, the labor market remains healthy, with an unemployment rate down to 4%.
  • Joseph Brusuelas, chief economist at RSM, commented that layoffs may increase but does not expect a significant rise yet.
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channelchek.com broke the news in on Thursday, February 27, 2025.
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