SubscribeAll Posts Tagged With: "unemplyment claims"
U.S. Companies “Throw in the Towel”- Pushing Jobless Claims to a 26-Year High
The number of Americans filing new claims for jobless benefits rocketed to a 26-year high last week, surpassing already gloomy forecasts, as the U.S. economy sinks deeper into recession.
Initial applications for jobless benefits climbed by 58,000 to 573,000 in the week ended Dec. 6, upwardly revised from 515,000 the previous week, the U.S. Labor Department reported yesterday (Thursday). The figure was the highest since 1982, and far exceeded the median projection of 525,000 put forth by 39 economists surveyed by Bloomberg News.
The increase was due, in part, to a bounce from the week before, which was shorter because it…
12Dec2008 | Money Morning | 0 comments | Continued
Loading ...
