U.S. weekly jobless claims increase, labor market still tight

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U.S. weekly jobless claims increase, labor market still tight
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The number of Americans filing new claims for unemployment benefits increased more than expected last week, but remained at levels consistent with a tight labor market. | Reuters

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while the abundance of job openings made it easier for laid off workers to find new jobs. They also believed that seasonal factors, the model the government uses to strip out seasonal fluctuations from the data, were keepingto be revised up when the annual seasonal factor revisions are published this spring,” said Lou Crandall, chief economist at Wrightson ICAP.

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