Initial Jobless Claims Continue to Rise Higher 1 comment
August 08, 2008
-
Font Size:
-
Print
- TweetThis
The Labor Department reported initial jobless claims at a new high for the current cycle at 455,000, following last week's surge to 448,000. These are the first back-to-back readings in the 450,000 range since April of 2003.
The Labor Department said it is not able to determine the extent of this impact but that it should fade over the next month.
Extended unemployment benefits, signed into law two months ago, have resulted in previously laid-off workers once again being eligible to apply for benefits and this is clearly helping to push recent headline figures higher.
Related Articles
|



























This article has 1 comment: