Jobless Claims Jump To 7-Year High

By: Associated Press
By: Associated Press

The government says that the number of newly laid-off individuals seeking unemployment benefits jumped more than expected last week to a seven-year high. The results were released Thursday morning.

The Labor Department says jobless claims increased by 32,000 to a seasonally adjusted 516,000. That is the highest total since just after the Sept. 11 terrorist attacks and second-highest since 1992.

Analysts expected claims to increase slightly to 484,000, according to a survey by Thomson Reuters.

The four-week average of claims, which smooths out fluctuations, rose by 13,250 to 491,000, the highest in over 17 years.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 34388759 - kktv.com/a?a=34388759