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Stock impact report

Economic Report: Jobless claims rise slightly to 214,000 in mid-October, but remain near a 50-year low [MarketWatch]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: MarketWatch
Jobless claims rise slightly to 214,000 in mid-October, but remain near a 50-year low The numbers: The number of unemployed workers who applied for jobless benefits in the second week of October rose slightly, but layoffs nationwide remained near a 50-year low and showed no sign of rising despite a slowdown in the U.S. economy. Initial jobless claims, a rough way to measure layoffs, increased by 4,000 to 214,000 in the week of Oct. 6 to Oct. 12, the government said Thursday . Economists polled by MarketWatch had forecast a 215,000 reading. What happened: Most of the increase in new jobless claims last week was concentrated in California. No other state reported significant changes. Claims were somewhat elevated in Ohio and Michigan, two states with large concentrations of General Motors GM, +0.26% workers who had been on strike, but the impasse had little effect overall on the U.S. labor market. The more stable monthly average of new claims rose by 1,000 to 214,750. The four-we Show less Read more
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