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U.S. Jobless Claims Rise to 457,000; Productivity Climbs: Video

2010-11-04T13:17:02Z

Nov. 4 (Bloomberg) -- More Americans than forecast filed applications for unemployment benefits last week, as jobless claims rose by 20,000 to 457,000 from a revised 437,000 the prior week, Labor Department figures showed today in Washington. Another Labor Department report showed worker productivity rose more than forecast in the third quarter as companies redoubled efforts to rein in costs amid signs the recovery was cooling. Bloomberg's Michael McKee reports. (Source: Bloomberg)

More Americans than forecast filed applications for unemployment benefits last week, as jobless claims rose by 20,000 to 457,000 from a revised 437,000 the prior week, Labor Department figures showed today in Washington.

Another Labor Department report showed worker productivity rose more than forecast in the third quarter as companies redoubled efforts to rein in costs amid signs the recovery was cooling. Bloomberg's Michael McKee reports. (Source: Bloomberg)

Running time 01:41