Jobless Claims Rose Last Week

Washington, DC, November 15, 2007--Jobless claims rose by 20,000 to a seasonally adjusted 339,000 for the week ended November 10, according to the Labor Department. The results marked the highest level of claims in a month.

Economists were expecting an increase to about 325,000 for the week.

The four-week moving average of new claims remained steady at 330,000.

Claims in the previous week were revised to a decrease of 10,000, to 319,000, compared with the initial estimate of a fall of 13,000 to 317,000.

The number of people continuing to collect unemployment benefits fell by 7,000 in the week ended Nov. 3 to a seasonally adjusted 2.57 million. The four-week average of continuing claims fell by 11,000 to 2.56 million.