Number of Americans Applying for Unemployment Benefits Rises to Five Week High

Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"

There were more Americans applying for unemployment benefits last week.  Applications increased by 16,000 to 276,000 in the week ending October 31st.  

The Labor Department report showed the biggest advance since the end of February.  The four-week average of claims climbed from it’s lowest in four decades.  The total number of claims has not topped 300,000 since March.

Employers have been holding off on letting go of workers and attempting to adjust hiring plans instead in response to overseas economies.  

A jobs report from the labor department for the month of October is due to be released on  Friday and is projected to show job growth that’s a step down from the average so far this year.

According to Bloomberg the number of people continuing to receive jobless benefits increased by 17,000 to 2.16 million in the week ended Oct. 24.

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