Just In: New unemployment claims jumped by 22,000 last week to 242,000. That's still relatively low by historical standards, but we need to watch.

There was a large jump in DC jobless claims:
2,047 claims filed last week versus 1,626 the prior week. pic.twitter.com/TVcHj436w2

— Heather Long (@byHeatherLong) February 27, 2025