Jobs
US Continuing Jobless Claims Rise to Highest in Almost Two Years
- Recurring applications rise for eighth week, to 1.87 million
- Initial claims also increase, to highest level since August
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Continuing applications for US unemployment benefits rose to the highest level in almost two years, underscoring the increasing challenges unemployed workers are facing in finding new jobs.
Recurring jobless claims, a proxy for the number of people continuously receiving unemployment benefits, jumped to 1.87 million in the week ended Nov. 4, according to Labor Department data out Thursday. That marked an eighth straight week of increases.