WASHINGTON — Initial jobless claims surged 35,000 to 445,000 the week ending Jan. 8 as a backlog of holiday-delayed filings were processed, the Labor Department reported Thursday.

The four-week moving average for new unemployment claims, a less volatile figure, rose 5,500 to 416,500,

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.