Weekly Jobless Claims Rise, Q3 GDP Reading Holds at 33.1%

The U.S. saw more than three quarters of a million Americans file for unemployment benefits last week, Commerce Department data indicated Wednesday, while a second reading of third quarter growth showed no change from the previous record gain.

Weekly jobless claims rose to 778,000 over the week ending on November 21, up from a revised 748,000 figure over the prior period and just ahead of the consensus forecast of 730,000. The second consecutive weekly increase puts the four-week continued claim average at 6.071 million., down from the prior tally of 6.37 million.

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