US Continuing Jobless Claims Rise for Sixth Week

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(Bloomberg) -- Recurring applications for unemployment benefits rose for a sixth straight week, indicating those losing their jobs are starting to have more trouble finding new ones.

Continuing jobless claims, a proxy for the number of people receiving unemployment benefits, increased to 1.82 million in the week ended Oct. 21, the highest level since April, according to Labor Department data out Thursday.

Initial claims also rose, to 217,000 in the week ending Oct. 28. The four-week moving average, which smooths out some of the volatility in the weekly data, ticked up.
 
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