Blue Herald
20
Mar
Unemployment Spike
by Buck • 12:01 pm

John McCain has stated several times that economics is not his strong suite. So it surprises me that so many people are still willing to risk their, and their children’s, futures by voting against their own best interests.

Jobless claims jump by 22,000

WASHINGTON - The number of newly laid off workers filing for unemployment benefits rose last week to the highest level in nearly two months, providing more evidence that the weak economy is having an adverse impact on the labor market.

The Labor Department said Thursday that applications for jobless benefits totaled 378,000 last week. That was an increase of 22,000 from the previous week and was a far bigger jump than had been expected.

The four-week average for new claims rose to 365,250, which was the highest level since a flood of claims caused by the 2005 Gulf Coast hurricanes.



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