U.S. Initial Jobless Claims Rose 54,000 Last Week to 488,000 11/29 08:30
Washington, Nov. 29 (Bloomberg) -- The number of U.S. workers filing new claims for unemployment benefits surged last week and the total number of fired workers collecting benefits rose to the highest in 19 years, government figures showed.
First-time jobless claims increased by 54,000 to 488,000 in the week that ended Saturday, the Labor Department said. It was the first increase in five weeks. Claims fell a revised 8,000 the week before last to 434,000, previously estimated at 427,000.
The number of people continuing to draw benefits jumped to 4.018 million in the week ended Nov. 17, from 3.717 million a week earlier. The last time the number of beneficiaries was higher was the week ended Dec. 25, 1982. The increase of 301,000 in continuing claims was the largest since November 1974.
quote.bloomberg.com
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Jobs and debt - two key factors I continue to focus on - reinforcing my overall dark-side bias.
AdvocateDevil |
