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US new jobless claims up,continued claims a record

Posted By admin On January 29, 2009 @ 11:17 am In 1,Money Watch | Comments Disabled

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.

(ARTICLE CONTINUES BELOW)

US new jobless claims up,continued claims a record 161008pptv2 [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.


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URLs in this post:

[1] Reuters: http://www.reuters.com/article/marketsNews/idUSN2927260320090129

[2] Image: http://www.prisonplanet.tv/subscribe.html

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

[4] Jobless Claims Hit Record High; Inflation Jumps: http://www.prisonplanet.com/jobless-claims-hit-record-high-inflation-jumps.html

[5] New US weekly jobless claims jump: http://www.prisonplanet.com/new-us-weekly-jobless-claims-jump.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] Jobless Claims in U.S. Rose 8,000 Last Week to 362,000: http://www.prisonplanet.com/jobless-claims-in-u-s-rose-8000-last-week-to-362000.html

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