U.S. Jobless Claims Hit Highest Since August in Unexpected Jump

U.S. Jobless Claims Hit Highest Since August in Unexpected Jump

Applications for U.S. state unemployment benefits unexpectedly jumped last week to the highest since August and Americans increasingly moved to longer-term jobless aid.

Both are troubling signs for a labor market whose recovery from the pandemic was already slowing.

Initial jobless claims in regular state programs totaled 898,000 in the week ended Oct. 10, up 53,000 from the prior week, Labor Department data showed Thursday. On an unadjusted basis, the figure posted the largest one-week increase since July.