Economic Report: Jobless claims jump 13,000 to 260,000

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With companies still hiring more than seven years after the last recession ended, layoffs have fallen to record lows based on the size of the U.S. working population.

WASHINGTON (MarketWatch)—The number of people who applied for unemployment benefits last week climbed 13,000 to 260,000 to match a six-week high, though the pace of layoffs in the U.S. remains exceedingly low.

Economists polled by MarketWatch had forecast claims to total a seasonally adjusted 248,000 in the week stretching from Oct. 9 to Oct. 15.

The biggest increases in claims happened in California, Pennsylvania, Texas and New York, states unaffected by a major hurricane earlier in the month.

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