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Tag: federal unemployment policy
Breaking News: U.S. Unemployment Claims Rise Sharply, Defying Expectations
The latest data from the U.S. Department of Labor reveals that weekly initial U.S. Unemployment claims rose more than analysts had anticipated, marking the largest weekly gain in five months. For the week ending February 22, 2025, new filings surged by 22,000 to 242,000, well above the Bloomberg-surveyed estimate of 221,000 (Reuters). This unexpected uptick interrupts a months-long streak of relative stability in labor markets and raises pressing questions about the underlying health of the U.S. economy.