First-time applications for unemployment benefits in the US rose more than expected last week, suggesting potential weaknesses in the labor market. Federal workers are increasingly filing for unemployment, with 242,000 jobless claims filed last week, exceeding economists' expectations. The number of weekly jobless claims is at its highest level since early December, indicating a possible uptick in layoffs. The situation is evolving, and updates will be provided as more information becomes available.
Source: https://www.cnn.com/2025/02/27/economy/us-jobless-claims-layoffs/index.html