WASHINGTON — Initial jobless claims rose for the first time in three weeks, expanding by 20,000 new filings for unemployment benefits during the week ended Oct. 30 to finish at 457,000, the Labor Department reported Thursday.

Continuing claims for the week ended Oct. 23 dropped to 4.34 million, the third decline in four weeks and the lowest level since November 2008. Economists polled by Thomson Reuters expected 442,000 initial claims and 4.380 million continuing claims.

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.