Jobless Claims Rise, Topping 460,000

By: By Charles Riley, CNN staff reporter
By: By Charles Riley, CNN staff reporter

NEW YORK (CNNMoney.com) -- The number of Americans filing for first-time unemployment benefits rose last week, according to a government report released Thursday.

There were 462,000 initial jobless claims filed in the week ended Oct. 9, up 13,000 from an upwardly revised 449,000 the previous week, according to the Labor Department's weekly report.

Economists surveyed by Briefing.com were expecting 450,000 new claims.

The weekly figure has been stuck in a tight range since last November, hovering in the mid- to upper-400,000 range, and even ticking slightly above 500,000 in mid-August.

Continuing claims: The government said 4.399 million people continued to file unemployment claims for their second week or more, during the week ended Oct. 2, the most recent data available. That's down 112,000 from an upwardly revised 4.511 million the week before.

Economists were expecting 4.450 million people to file ongoing claims.

Continuing claims reflect people who file each week after their initial claim until the end of their standard benefits, which usually last 26 weeks. The figures do not include those who have moved to state or federal extensions, or people who have exhausted their benefits but are still out of a job.

The-CNN-Wire/Atlanta
TM & © 2010 Cable News Network, Inc., a Time Warner Company. All rights reserved.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 104938384