US: Initial Jobless Claims rose to 348K

FXStreet (Barcelona) - According to the Labour Department, the Americans that filed in their first initial claims for regular state unemployment-insurance benefits rose by 14K last week to a seasonally adjusted 348K in the week ended February 21, above forecasts at 335K and coming from 334K (revised from 336K) in the previous print. Continuing claims, which reflect people already receiving benefits, dropped by 17K to a seasonally adjusted 2.964 million in the week ended February 14 vs. 2.981 million in the previous week (revised).