Let’s Talk About The Economy

Jobless claims surge.

The number of U.S. workers applying for jobless benefits rose by an unexpectedly large 18,000 last week to 327,000, but remains at levels that still point to a relatively healthy jobs market, government data showed Thursday.

The latest figures from the Labor Department cover the week ending Oct. 28 and mark the highest claims since the July 8 week, when they were 334,000.

The numbers compare with Wall Street forecasts for claims of 310,000. Claims for the prior week were revised to 309,000 from an initially reported 308,000 applications for aid. A Labor Department official said there were no special factors explaining last week’s gain in the seasonally adjusted numbers.

Karl E. Rove:Super Genius

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