Jobless Claims Spike tnempo 898,000

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Initial jobless claims for the week ending Oct. 10 spiked to 898,000, the latest sign of weakness in the U.S. labor market.

The figure was up 53,000 from the previous week, and the number of claims has remained persistently high over the past few months.

Thursday’s report from the Labor Department showed that the total number of people claiming benefits across a slew of programs in late September fell by 215,270, to 25.3 million.

Read more at The Hill.

{Matzav.com}

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