Initial jobless claims unexpectedly increased 22,000 to 496,000 for the week ending Feb. 20, the highest level since November, partly due to the weather, the Labor Department reported yesterday.
Continuing claims increased to 4.617 million for the week ending Feb. 13.
Economists expected 445,000 initial claims and 4.550 million continuing claims.
Initial claims for the week ending Feb. 13 were revised to 474,000 and continuing claims were revised to 4.611 million.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
