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MNI BRIEF: US Jobless Claims Rise to 861,000 in Feb 13 Week

WASHINGTON (MNI)

The number of Americans filing first-time jobless claims rose 13,000 to 861,000 in the week ended Feb. 13, the Labor Department said Thursday. Continuing claims declined 64,000 to to 4,494,000 in the week ending Feb. 6, the report said.

The data confirms the U.S. job market remains under strain despite a faster-than-expected decline in headline unemployment to 6.3% last month. Fed Chair Jerome Powell said last week the effective jobless rate is closer to 10%.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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