First-time unemployment claims rose again by 20,000 for the week, according to figures released Thursday by the Department of Labor. The advance figure for seasonally adjusted initial claims was 457,000, up 20,000 from last week’s revised figure of 437,000. The four-week moving average increased 2,000 to 456,000 from last week’s revised average of 454,000.
The unadjusted advance number of actual initial claims under state programs was 419,351 in the week ending Oct. 30; this was up 10,881 from the prior week. In the comparable week in 2009, there were 482,612 initial claims.
Productivity was up, reflecting a 1.9% annual rate; it had fallen in Q2 by 1.8%. Worker costs were down, as they have been for five out of the past seven quarters. With companies still slashing jobs, workers are hard pressed to keep up in leaner, more demanding workplaces.