LayoffBlog.com

February 19, 2009

U.S. Jobless Benefit Rolls Reach Record 4.99 Million

The number of Americans collecting unemployment benefits jumped to 4.99 million two weeks ago, breaking a record for a fourth straight time, signaling the job market is still deteriorating.

Total benefit rolls surged by 170,000 in the week ended Feb. 7, the Labor Department reported today in Washington. First-time applications for unemployment benefits were unchanged at 627,000 last week, higher than economists projected.

Source: Bloomberg

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