Unemployment Claims Rise To 667K Last Week

By Justin Gardner | Related entries in Jobs

Much higher than expected.

The times just keep getting tougher…

WASHINGTON – New jobless claims rose more than expected last week and the number of laid-off Americans continuing to receive unemployment benefits topped 5.1 million, fresh evidence the recession is increasingly forcing employers to shed jobs.

The Labor Department said Thursday that first-time requests for unemployment benefits jumped to 667,000 from the previous week’s figure of 631,000. Analysts had expected a slight drop in claims. [...]

The number of people receiving unemployment insurance for more than one week also increased more than expected to 5.1 million. That’s the fifth straight week the figure has set a new record-high on data going back to 1967, and compared with only about 2.8 million people a year ago.

Even the NFL is cutting jobs…

More job losses were announced this week. The NFL said Wednesday that commissioner Roger Goodell has taken a 20 percent pay cut and the league dropped 169 jobs through buyouts, layoffs and other reductions.

It’s a good thing benefits were extended last year to more of those who are struggling to find work because I don’t even want to think about money running out for Americans right now.

In any event, let’s hope this news gets better next week, but, as I’ve said before, I fear it’s going to get a lot worse before it starts to pick back up.


This entry was posted on Thursday, February 26th, 2009 and is filed under Jobs. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Unemployment Claims Rise To 667K Last Week”

  1. kasey d Says:

    i’m glad us little guys aren’t the only ones taking the pay cuts (15% for me!)

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