Jobless claims remain a sign of weakness | G.O.O.D

Mountain House Freeze-Dried Food « ECB cuts key rate to 3.25% from 3.75% As derivative deals go bad, banks in firing line » Nov 06 2008 Jobless claims remain a sign of weakness Posted by: Joshuah in Economics, tags: unemployment insurance Source: CNN The number of Americans filing new claims for unemployment insurance last week was higher than economists expected, indicating continued weakness in the nation’s economy. The U.S. Department of Labor reported Thursday that initial filings for state jobless benefits reached 481,000 for the week ended Nov. 1. While that was down 4,000 from the revised 485,000 reported the week before, it was above the 476,000 claims expected by economists surveyed by Briefing.com. The prior week was revised upward from the originally reported 479,000. The number of jobless claims spiked in late September to 499,000, the highest level recorded since the 517,000 claims filed in wake of Sept. 11 terrorist attacks. Full Story Technorati Tags: unemployment insurance This entry was posted on Thursday, November 6th, 2008 at 10:29 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Leave a Reply You must be logged in to post a comment. Login »
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Creative Commons Attribution 3.0 United States

Creative Commons Attribution 3.0 United States