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Economic Report: Jobless claims climb 53,000 to 7-week high of 898,000, point to more labor-market woes

15 Oct 2020

The number of Americans who applied for jobless benefits in early October shot up to the highest level in seven weeks and pointed to an erosion in the U.S. labor market, though ongoing strains in California’s unemployment system has made it harder to know for sure. Initial jobless claims filed through state programs jumped by 53,000 to 898,000.


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