- Infowars - http://www.infowars.com -

U.S. Initial Jobless Claims Rose to 640,000 Last Week

Posted By admin On April 23, 2009 @ 9:47 am In Economic Crisis | Comments Disabled

Bob Willis
Bloomberg
April 23, 2009

The number of Americans filing first-time applications for unemployment insurance rose last week to 640,000 as forecast, while total benefit rolls reached a record, indicating the labor market continues to deteriorate.

[efoods]

Initial jobless claims increased by 27,000 in the week that ended April 18, from a revised 613,000 the prior week, the Labor Department said today in Washington. The number of people staying on jobless-benefit rolls rose by 93,000 to 6.14 million, the 12th straight week the figure has set a record.

Job losses may continue all year even as the longest recession in the postwar era shows signs of reaching a trough. The release indicates employment cuts may come close to topping 650,000 for a record fifth straight month in April because today’s report covers the week of the monthly payroll survey.

Read entire article


Article printed from Infowars: http://www.infowars.com

URL to article: http://www.infowars.com/us-initial-jobless-claims-rose-to-640000-last-week/

Copyright © 2013 Infowars. All rights reserved.