WASHINGTON - The number of new people signing up for jobless benefits last week rose sharply, suggesting that the labor market is still trying to gain traction after being knocked by a trio of Gulf Coast hurricanes...
WASHINGTON - The number of new people signing up for jobless benefits last week rose sharply, suggesting that the labor market is still trying to gain traction after being knocked by a trio of Gulf Coast hurricanes. The Labor Department reported Wednesday that new applications for unemployment insurance jumped by a seasonally adjusted 30,000 to 335,000 for the week ending Nov. 19. In the prior week, new filings for jobless benefits registered a large decline. Last week's increase left claims at their highest point since the middle of October. Economists were expecting claims to total around 312,000.
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