WRAPUP 1-U.S. weekly jobless claims fall; fourth-quarter growth revised up ...Middle East

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WRAPUP 1-U.S. weekly jobless claims fall; fourth-quarter growth revised up
source : Devdiscourse ( Middle East ) () 27
Fewer than expected Americans filed new claims for unemployment benefits last week as economic activity rebounds after weather-related disruptions in February, but it would likely take years for the labor market to fully recover from the pandemic's scarring. Initial claims for state unemployment benefits totaled a seasonally adjusted 684,000 for the week ended March 20, down from 781,000 in the prior week, the Labor Department said on Thursday. Economists polled by Reuters had forecast 730,000 applications in the latest week.

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