Sandy sends U.S. jobless claims soaring

11/16/2012 | Reuters · MarketWatch

Disruption brought by Superstorm Sandy drove first-time unemployment claims to a seasonally adjusted 439,000, the most since April 2011, the Labor Department said. The 78,000 increase was the biggest one-week jump since Hurricane Katrina in 2005. Sandy's effects could reduce economic growth this quarter as much as a half percentage point, economists said.

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Reuters · MarketWatch

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