Login or signup
36
HUMAN RESOURCES

Jobless Claims Hit New High
 

Over 4.4 million Americans are now seeking unemployment benefits, the Labor Department reports.
Advertisement

The number of new claims for unemployment benefits last week hit a 26-year high of 573,000, as employers continue to reduce payrolls to cut costs, according to the Labor Department.

New claims were up by 58,000 from the previous week, boosting the total number of out-of-work Americans filing for benefits over 4.4 million, the report said.

The sharpest increases in new claims were reported in Wisconsin and Iowa, followed by Mississippi, Arkansas and North Dakota.

Last week, the Labor Department reported that employers shed 533,000 jobs in November, the biggest monthly employment decline in 34 years.

Last updated: Dec 11, 2008




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Comment and share features
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: