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US new jobless claims up,continued claims a record

Reuters [1]
Thursday, January 29, 2009

The number of U.S. workers filing new claims for jobless benefits rose 3,000 last week, data on Thursday showed, while so-called continued claims hit the highest level on record as the country’s year-long recession continued to chill employment.

Initial claims for state unemployment insurance benefits increased to a seasonally adjusted 588,000 in the week ended Jan 24 from a revised 585,000 the prior week, the Labor Department said.

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[2]

Analysts polled by Reuters had forecast 580,000 new claims versus a previously reported count of 589,000 the week before.

The number of people remaining on the benefits roll after drawing an initial week of aid, or continued claims, rose 159,000 to a higher-than-forecast 4.776 million in the week ended Jan 17, the most recent week for which data is available.