BREAKING: Weekly Jobless Claims Spike to 439,000, Much Higher Than Expected
New claims for unemployment benefits rose last week to 439,000 -- the highest level since April 2011 -- from an upwardly revised 361,000 the week prior.
Claims were expected to rise to 375,000 from an initially reported 355,000. An official at the Labor Department says the rise in claims came mainly from the regions affected by Superstorm Sandy.
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