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US Weekly Jobless Claims Spike To 898,000

Video Credit: Wochit Entertainment - Duration: 00:32s - Published
US Weekly Jobless Claims Spike To 898,000

US Weekly Jobless Claims Spike To 898,000

The Labor Department has reported that US jobless claims for the week that ended Saturday totaled 898,000.

The numbers came in above the consensus economist estimate of 825,000.

According to Business Insider, the reading also marks an increase from the previous week's revised figure.

Continuing claims, which track ongoing unemployment benefits, fell to 10 million for the week of October 3.

The ongoing benefits numbers came in lower than what economists had forecast.


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