Another Jump in Unemployment

Another adjustment on fourth quarter GDP

From  Reuters:

The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and nonfarm productivity contracted more sharply than previously thought in the fourth  quarter.

Initial claims for state unemployment benefits increased by 7,000 to a seasonally adjusted 320,000 for the week ended Feb. 28, the Labor Department said on  Thursday.

Economists polled by Reuters had expected claims to fall to 295,000 last  week.

In a second report, the department  said… (read more)

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