BlackPerspective.net
Discussing the Diaspora as seen through an internal Black lens
Jobless and Unemployment Claims Both Rise To Ove 600,000
April 23rd, 2009
New jobless claims rise more than expected to 640K
Christopher S. Rugaber, AP Economics Writer
Thursday April 23, 2009, 8:53 am EDT
WASHINGTON (AP) — New U.S. jobless claims rose more than expected last week, while the number of workers continuing to filing claims for unemployment benefits topped 6.1 million.
Both figures are fresh evidence layoffs persist amid a weak job market that is not expected to rebound anytime soon.
The Labor Department said Thursday that initial claims for unemployment compensation rose to a seasonally adjusted 640,000, up from a revised 613,000 the previous week. That was slightly above analysts’ expectations of 635,000.
Economists are closely watching the unemployment compensation data because they believe a sustained decline in the number of initial claims could signal the end of the recession is nearing. Jobless claims have historically peaked six to 10 weeks before recessions end, according to a report by Goldman Sachs. Initial claims reflect the level of job cuts by employers.
–Source
Weekly Jobless Claims Rise 27,000 to 640,000
Joanna Ossinger
FOXBusiness
Initial jobless claims rose in the latest week, while continuing claims rose again as the labor market continued to offer sparse opportunities for those seeking work.
The Department of Labor reported Thursday that initial jobless claims rose by 27,000 to 640,000 in the week ended April 18. However, the previous week had been shortened by the Good Friday holiday, so its dip in claims appeared to be an anomaly.
The number was largely in line with analyst expectations.
–Source
posted in Uncategorized | | | View blog reactions |
One Response to “Jobless and Unemployment Claims Both Rise To Ove 600,000”
Leave a Reply
About The Blog
Yobachi Boswell is creator and publisher of BlackPerspecitve.net. I’m a writer, activist and political watcher based in Nashville, Tennessee. I’ve also been know to do some spoken word and MCing in my day.
I created this site to give new voice to socio-political issues that are in need of thoughtful consideration and redress.
Click the "More About The Blog" link for rest of this statement.
Also, if you like what you see, subscribe for a once a day email to be sent on days when we post; by entering your email address in the feed burner subscription box below.
- More About The Blog...
Subscribe via email
Blogroll
- Abagond
- AfroSpear Blogs & Info
- All About Race
- All Africa
- BlackPerspectivenet @ Youtube
- BlackPressUSA.com
- From My Brown Eyed View
- Redding News Review
- Sojourner’s Place
- Trini Gourmet
- UltravioletUnderground
Site Meter
Meta
Subscribe Via RSS
My Twitter
Recent Posts
- Getting Fired For Sending Racist Emails, Now That’s Funny
- Tennessee Hospitality Association CEO Compares Michelle Obama to Chimpanzee
- The Classic Hip Hop Show, featuring Guru
- Latest News On The Jena 6: What They’re Up To
- Adding Insult To Tragedy: Guru’s Nephew Speaks About Solar Blocking Family’s Access
Though I am not against the jobless claims but favor the idea to introduce some rule for paying at least partial debt dues from their claims.