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Jobless Claims in U.S. Increase More Than Forecast

More Americans than forecast filed applications for unemployment benefits last week, showing the labor market will take time to improve.

Jobless claims rose by 20,000 to 457,000 in the week ended Oct. 30 from a revised 437,000 the prior week, Labor Department figures showed today in Washington. The total number of people receiving unemployment insurance fell, while those on extended payments increased.