Initial Claims Bottom Complete - Breakout In Progress

CNBC: The number of Americans filing new claims for unemployment benefits unexpectedly rose last week and nonfarm productivity contracted more sharply than previously thought in the fourth quarter.

Initial claims for state unemployment benefits increased by 7,000 to a seasonally adjusted 320,000 for the week ended Feb. 28, the Labor Department said on Thursday

Economists polled by Reuters had expected claims to fall to 295,000 last week....