The number of new applications for unemployment benefits rose by 11,000 last week to 227,000 after a surprisingly good January jobs report.
Weekly jobless claims are seen as a proxy for layoffs and have been watched closely in recent weeks as the Federal Reserve gears up to hike interest rates.
THREE-QUARTERS OF SMALL BUSINESSES SAY BIDEN NOT DOING ENOUGH TO FIGHT INFLATION, SUPPLY CHAIN ISSUES: SURVEY
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