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Another 750K in U.S. file new unemployment claims, Labor Dept. says

Another 750K in U.S. file new unemployment claims, Labor Dept. says
A masked worker is seen cleaning surfaces to mitigate the spread of the coronavirus at Universal Studios in Los Angeles, Calif. File Photo by Jim Ruymen/UPI | License Photo

Nov. 5 (UPI) -- More than 750,000 U.S. workers have filed for new unemployment benefits, the Labor Department said in its weekly report Thursday.

The report listed about 751,000 new claims for the week ending Oct. 31, a decrease of 7,000 from the previous week. It listed the unemployment rate at 5%.

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Thursday's report also revised up last week's claims by 7,000.

Most economists expected about 730,000 new claims.

The department said there are 7.3 million continuing claims, which lag initial claims by a week.

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