LayoffBlog.com

December 24, 2008

Unemployment Filings Reach 26-Year High [again]

Filed under: FYI,unemployment,US — 7macaw @ 12:50 pm
Tags: , ,

Washington Post reports that, “The number of people filing for unemployment benefits hit a 26-year high last week, as the deepening recession forced more employers to cut jobs.

First-time claims for unemployment rose 5.4 percent, to 586,000 for the week ending Dec. 20, the Labor Department reported this morning. The last time claims were that high was Nov. 27, 1982. The four-week moving average, which is a less volatile indicator, rose to 558,000 from 544,250, also a 26-year high. ”

It was reported earlier that the jobless claims fell somewhat, and now they seem to be on the rise again.

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