WASHINGTON — Initial jobless claims rose by 13,000 filings to a four-week high of 462,000 the week ending Oct. 9, the Labor Department reported Thursday.

Continuing claims fell to 4.399 million, the lowest level in almost two years. Economists expected 445,000 initial claims and 4.450 million continuing claims, according to the median estimate from Thomson Reuters. Initial claims for the week ending Oct. 2 were revised downward to 449,000 from an initial report of 445,000.

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.