First-Time Unemployment Claims Bounce Back Up

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States reported that 770,000 U.S. workers filed for new unemployment benefits during the week ending Mar. 13, an increase of 45,000 from the previous week’s revised level. The total number of workers continuing to claim unemployment benefits fell slightly to 4.1 million. Economists expect the economic outlook to improve as the vaccine rollout and improving weather allow hiring activity to pick up this spring and summer.

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