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Unemployment Benefits
Weekly jobless claims rise but remain low
Weekly jobless claims rise but remain low

More Americans filed for unemployment benefits last week, but applications rose less than expected, holding at a level that signals a strong job market. Initial claims for jobless benefits rose 11,000, to 278,000, for the week ended Jan. 31, the Labor Department said Thursday. In the previous week, shortened by Martin Luther King Jr. Day, jobless claims plunged dramatically. Applications tend to be volatile around the holidays, and analysts had expected claims last week to climb to 285,000, according to data company FactSet. The four-week moving average for jobless claims, which smooths out some of the volatility in the weekly numbers, fell 6,500 to 292,750. The labor market last...