By Josh Mitchell and Sarah Chaney 

WASHINGTON--The number of U.S. workers applying for first-time unemployment benefits rose to the highest level in months last week, the Labor Department said. Here are key takeaways from Thursday's report:

--Initial jobless claims rose 14,000 to 225,000 in the week ended Nov. 9, the highest level since June. Economists polled by the Wall Street Journal expected 215,000 claims.

--Claims are volatile and the jump last week was unusual given broader trends. The four-week moving average of claims grew by just 1,750 to 217,000. The agency didn't cite any special factors to explain last week's jump.

--Despite the rise, claims remain exceptionally low historically and suggest the labor market remains firm.

--Continuing claims--or measuring the share of workers who have sought unemployment benefits beyond one week--fell 10,000 to 1,683,000 in the week ended Nov. 2.

Write to Josh Mitchell at joshua.mitchell@wsj.com and Sarah Chaney at sarah.chaney@wsj.com.

 

(END) Dow Jones Newswires

November 14, 2019 08:45 ET (13:45 GMT)

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