Jobs
Continuing US Jobless Claims Rise to Highest Since February
- Recurring applications jump by most in a year to 1.6 million
- Initial claims decreased in data leading up to jobs report
A job fair in Detroit, Michigan.
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
Recurring applications for US unemployment benefits rose to the highest since February, suggesting that Americans who are losing their job are having more trouble finding a new one in a labor market that’s gradually cooling.
Continuing claims, which include people who have already received unemployment benefits for a week or more, rose by 57,000 to 1.6 million in the week ended Nov. 19, the biggest jump in a year.