RPT-U.S. new jobless claims rise in latest week

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WASHINGTON, Oct 14 (BestGrowthStock) – The number of people filing
new claims for unemployment insurance rose to a
higher-than-expected 462,000 in the latest week, the Labor
Department said on Thursday, while the number of people still
collecting jobless benefits fell to an almost two-year low.

First-time jobless claims rose 13,000 in the week ended
Oct. 9 from the prior week’s upwardly revised 449,000
seasonally adjusted claims. The four-week average of first-time
jobless benefits, which economists prefer because it smoothes
out weekly fluctuations, rose 2,250 to 459,000.

Economists polled by Reuters had expected about initial
445,000 claims in the latest week.

The number of unemployed workers continuing to collect
insurance benefits fell 112,000 to 4.399 million in the week
ended Oct. 2, the lowest level since November 2008. The
four-week average of continuing claims fell 34,500 to 4.489
million. Economists were expecting about 4.450 million
continuing claims.

The unemployment rate of workers eligible for jobless
benefits from the government fell to 3.5 percent from 3.6
percent in the prior week.
(Reporting by Corbett B. Daly; Editing by Andrea Ricci)

RPT-U.S. new jobless claims rise in latest week