The number of Americans filing for unemployment benefits rose modestly last week while revisions for prior weeks showed the labor market was much stronger than previously thought.
Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 265,000 for the week ended March 19, the Labor Department said on Thursday. The prior week's claims were revised to show 6,000 fewer applications received than previously reported.
Economists polled by Reuters had forecast claims rising to 268,000 in the latest week. The government also revised data going back to 2011, which showed claims trending lower than previously reported. Claims for the week ended March 5 were the lowest since November 1973.