The number of Americans receiving jobless benefits surged between mid-September and mid-October, indicating an elevated unemployment rate in October. Continuing claims, which track individuals receiving benefits after an initial week of aid, rose to 1.957 million in the week ended October 18, up from 1.916 million in mid-September. Despite this increase, first-time claims remained unchanged, suggesting some stability in the labour market. (Source: Reuters) Rising Jobless Claims

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