Initial claims for state unemployment climbed 32,000 to a seven-year high of 516,000 in the Nov. 8 week, well above expectations of a 479,000 level, the Labor Department reported yesterday.

Initial claims were last higher on Sept. 29, 2001, when 517,000 was the figure reported for the week.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.