(Bloomberg) — The number of Americans filing for unemployment benefits jumped by the most since December 2013 last week from a week earlier, a sign of uneven progress in the labor market.
Jobless claims increased by 31,000 to 313,000 in the week ended Feb. 21 from a revised 282,000 in the prior period, a Labor Department report showed Thursday in Washington. The median forecast of 49 economists surveyed by Bloomberg saw claims rising to 290,000.
Looking past the weekly data, which can often be volatile, job-market fundamentals have improved as payroll growth accelerates and Americans stream into the labor force looking for work. Continued improvement will be needed to generate faster wage growth and support consumer spending, which accounts for 70 percent of the economy.
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