Unemployment Claims Basically Unchanged

Weekly unemployment claims fell by 6,000 to 462,000 last week, the Department of Labor reported today. The four-week average rose to 475,500.

Meanwhile, in the week of Feb. 27, California and New York both saw unemployment claims jump by the thousands (+16k for California; +12k for NY), attributed by the states to layoffs in the service industry. (Is not even bartending safe anymore?)

The number of people receiving emergency unemployment benefits—aka those unemployed long-term—dropped the week of Feb. 20 by 160,000, but there are still more than five and a half million people receiving these benefits.

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