Continuing jobless claims rose the most in two months, coming in well above analyst expectations for the eighth week in a row, according to the U.S. Department of Labor, rising 41,000 in the March 8 week to 2.889 million.

The number of people filing initial jobless claims in the week ending March 15 rose by 5,000 to a seasonally adjusted 320,000 from the previous week’s total of 315,000.

There are no special factors in today's report, one that gives a little boost to the economic outlook.

The 4-week average is down 17,000 to 2.897 million, which is more than 50,000 below the month-ago comparison. The unemployment rate for insured employees is at 2.2% for a third straight week.

Initial claims came in at a lower-than-expected 320,000 in the March 15 week vs 334,000 in the February 15 week. The same comparison of the 4-week averages shows similar improvement, at 327,000 vs 338,500.

Most Popular Articles

3 housing trends to watch for in 2020

The year 2020 is now upon us, and as we say goodbye to 2019, we welcome a new decade and all the twists and turns it will bring for the housing industry.

Dec 02, 2019 By

Latest Articles

When it comes to their home, Millennials are picky

According to a new data set from the National Association of Home Builders, Millennials care just as much (if not more) about they want in a house rather than what they need.

Dec 05, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please