Initial jobless claims top 500,000, highest in over seven years

Source: MarketWatch
First-time filings for state unemployment benefits hit their highest level since September 2001, rising to 516,000 in the latest week, a further sign of how the U.S. labor market’s struggling, the Labor Department reported Thursday.
For the week ended Nov. 8, initial claims climbed by 32,000 from last week’s revised figure of 484,000.
The four-week average [...]

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