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US jobless claims rise; Q3 productivity posts surprise gain
Imaduddin
05 Nov, 2015
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Copyright Reuters, 2015
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![](https://i.brecorder.com/images/2015/11/jobless.jpg">WASHINGTON: New US applications for unemployment benefits last week recorded their largest increase in eight months, but remained at levels consistent with a fairly healthy labor market.</P><P>Other data on Thursday showed a surprise rise in productivity in the third quarter after a drop in self-employment led to overall hours worked falling for the first time in six years, restraining labor-related production costs.</P><P>Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 276,000 for the week ended Oct. 31, the Labor Department said. It was the largest weekly increase since late February.</P><P>Still, last week marked the 35th straight week that claims were below the 300,000 threshold normally associated with a strong jobs market. Claims had hovered near 42-year lows for much of October.</P><P>)
