ECONODAY: Initial jobless claims surged unexpectedly in the February 21 week, up 31,000 to a 313,000 level that is far outside the Econoday consensus (279,000 to 300,000). The 4-week average is up 11,500 to 294,500 but is still more than 10,000 below a month ago in a comparison that, despite the latest week's surge, still points to improvement for the labor market...
