Economic Report: Jobless claims rise slightly on effects of Hurricane Michael

Bloomberg News/Landov
A workers climbs a ladder as a “Last Day” sign is displayed in the window of a HHGregg Inc. store in Downers Grove, Illinois.

The numbers: The number of Americans applying for unemployment benefits each week moved higher in mid-October, affected by Hurricane Michael. New claims rose by 5,000 to 215,000 in the seven days ended Oct. 20. Economists polled by MarketWatch had forecast a 210,000 reading.

What happened: Claims were higher in Florida and Georgia in the latest week, two states hit hard by Hurricane Michael. Effects from the hurricane are expected to linger in the data until the end of the month.

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