Jobless Claims Once Again Above 550k
Three weeks of moderating jobless claims have come to an end as initial claims for unemployment benefits rose 17,000 to 551k in the week ending September 26.
Forecasters were expecting 537k claims. The weekly figures can be volatile so it’s no real surprise, only disappointment that another downward surprise was not in store. The prior week’s level, revised up 4k to 534k, was the lowest since early July.
The good news was that continuing claims â€
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