United States Unemployment Claims Are Near 3 Month High

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Last week the number of Americans that filed for unemployment benefits surged to a near three-month high.

The Labor Department said on Thursday that initial claims for state unemployment benefits increased 7,000 to a seasonally adjusted 265,000 for the week ended Oct. 29, the highest level since early August.

On a positive note, it is now the 87th consecutive week that claims are under 300,000.