Initial jobless claims jumped much more than expected last week, by 20,000 to 294,000. That's the highest level for claims since February 28, 2015. Economists had forecast that first-time filings for jobless claims totaled 270,000, according to Bloomberg. The series has not crossed the 300,000 mark for 62 straight weeks. The four-week moving average of claims, which evens out the weekly volatility, jumped by 10,250 to 268,250. > Claims 1-year chart: pic.twitter.com/6vqZFFiSVo > — Bespoke (@bespokeinvest) May 12, 2016 Refresh this page for updates. SEE ALSO: THE JAPANESE YEN IS SLIPPING AGAIN — HERE'S WHAT'S HAPPENING IN FX Join the conversation about this story » NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy
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