Thursday, Sep 29, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Business

667,000 new jobless claims; continuing claims top 5M

WASHINGTON The number of newly laid-off Americans seeking unemployment benefits rose far more than expected last week as employers cut thousands of jobs amid a deepening recession.

The Labor Department says first-time requests for unemployment benefits jumped to 667,000 from the previous week s figure of 631,000. Analysts had expected a slight drop in claims.

That s the highest level of initial claims since October, 1982, though the labor force has grown by about half since then.

The number of people receiving unemployment insurance for more than one week also increased more than expected to 5.1 million. That s the fifth straight week the jobless benefit rolls have set a new record-high on data going back to 1967.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…