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News > Economy
Jobless claims soar
November 9, 2000: 9:04 a.m. ET

First-time filings for benefits at highest level since January '99
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NEW YORK (CNNfn) - The number of Americans filing new claims for unemployment benefits rose to a nearly 22-month high of 344,000 for the week ended Nov. 4 from a revised 309,000 the previous week, the government reported Thursday.

Economists polled by Briefing.com had forecast U.S. jobless claims of 310,000 for the period.

U.S. jobless claims are at their highest since 354,000 in the Jan. 9, 1999, week.

graphicThe Labor Department's four-week moving average of claims, which generally provides a

more accurate picture of jobless trends, was 317,250 for the period, up from 309,750.

Continued claims were reported at 2,224,000 for the Oct. 28 week, the latest period for which data are available, down from a revised 2,163,000 in the prior period.

Wisconsin, Oregon, Ohio, Michigan, Missouri, and Washington all reported an increase in claims of more than 1,000 in the week ended Oct. 28, the latest period for which the data are available. graphic

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.