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New US weekly jobless claims jump

Posted By admin On July 23, 2009 @ 9:02 am In Money Watch | Comments Disabled

AFP [1]
Thursday, July 23, 2009

New claims for US unemployment benefits jumped last week, in line with market expectations, as employers cut payrolls to cope with the severe recession, government data showed Thursday.

The Labor Department said first-time claims for unemployment insurance benefits rose to a seasonally adjusted 554,000 in the week ended July 18, after a revised 524,000 in the preceding week.

The average consensus forecast was for 557,000 initial claims.

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New US weekly jobless claims jump 290509banner [2]

“It’s the third or fourth week of a lot of volatility in our series,” a department statistician said.

Over the preceding three weeks, initial jobless claims had fallen by a cumulative total of 106,000.

Full story here. [1]


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URLs in this post:

[1] AFP: http://rawstory.com/08/afp/2009/07/23/new-us-weekly-jobless-claims-jump/

[2] Image: http://www.efoodsdirect.com/ammo-food.html?aid=14&adid=5

[3] Weekly Jobless Claims Post Surprise Jump, Hit 500,000: http://www.prisonplanet.com/weekly-jobless-claims-post-surprise-jump-hit-500000.html

[4] US jobless claims in surprise jump for second week: http://www.prisonplanet.com/us-jobless-claims-in-surprise-jump-for-second-week.html

[5] Jobless claims jump unexpectedly: http://www.prisonplanet.com/jobless-claims-jump-unexpectedly.html

[6] New US jobless claims hit 669,000 in week: http://www.prisonplanet.com/new-us-jobless-claims-hit-669000-in-week.html

[7] US new jobless claims up,continued claims a record: http://www.prisonplanet.com/us-new-jobless-claims-upcontinued-claims-a-record.html

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