Applications for Jobless Aid Rise Sharply
(AP) — The number of people seeking jobless benefits jumped sharply last week, after two straight weeks of declines. The increase undermines hopes that unemployment claims, after falling four times in the previous five weeks, were on a sustained downward trend. That would signal layoffs were slowing and hiring was picking up. Instead, claims remain stuck at an elevated level. The Labor Department said Thursday that initial claims for unemployment aid rose by 20,000 to a seasonally adjusted 457,000 for the week ending Oct. 30. Wall Street analysts polled by Thomson Reuters had expected a smaller rise.
SEE ALSO
- Lil Scrappy Opens Up About Bambi’s Steamy Hot Tub Kiss With Benzino During Carlos King Interview
- Watch Law Roach Gag Over Zendaya & Anna Sawai’s Almost-Identical Met Gala Looks — ‘I’m Glad We Came Early’
- Nia Long Isn’t Happy With How The Boston Celtics Handled Ime Udoka’s Cheating Scandal
- Georgia Judge Prohibits Tiffany Haddish From Drinking And Ingesting Illegal Substances
- Tyler Perry And Byron Allen Are In Talks To Acquire BET From Paramount
