The Traderszone Network

Published in TZ Latest News 5 March, 2015 by The TZ Newswire Staff

U.S. jobless claims rise; Q4 productivity revised down

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.