Jobless Claims Jump 26,000 for Week

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Initial jobless claims rose by 26,000 last week, the Labor Department said Thursday.

The upturn to 430,000 claims was more than the 424,000 projected by economists, Bloomberg reported.

The four-week moving average, a less volatile measure, fell to 431,000 from 436,750 the week before.

Continuing claims for the previous week ended Nov. 20 rose by 53,000 from a week earlier, to 4.2 million.



Labor will release its monthly employment report Friday morning in Washington.

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