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Investors shrugging off larger than expected unemployment claims today.
The number of people applying for US unemployment benefits for the first time jumped by 66000.
Last week to a seasonally adjusted 374000.
-- highest level since March about 151000 of those claims are being attributed indirectly to the ongoing government shut out.
But the numbers may not be all that accurate the surprise spike was largely due to a big backlog of claims in computer problems in California.
In comes after the average fell to a six and a half year low last week.
Without key data from the government traders on Wall Street are still somewhat in the dark.
Right now companies are saying we've got the people we knew we need and there there are jobs available for people unfortunately there's a disconnect.
Between the jobs that the companies need in the skill set that the unemployed sector -- Outs and US stocks taking off despite the sharp rise in claims with a major averages posting nearly 2% gains at the height of the rally.
As house Republican leaders unveiled a plan that would avert a -- US default and extend the debt ceiling deadline to November 22.
I would hope that the president -- we'll look at this as an opportunity and a good faith effort.
On our part.
To move halfway.
Halfway to what he's demanded an order to have this conversation -- for more log on -- foxbusiness.com.
In New York I'm David as.
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