Jobless claims rose again - the 4th rise in the last 5 weeks.
Unemployment figures are now estimated to show a 10.1% national jobless rate in the coming week.
This is now the Obama Economy folks - and it ain't pretty...
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WASHINGTON (AP) -- The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.
The rise is the fourth in the past five weeks. Most economists hoped that claims would resume a downward trend that was evident in the fall and early winter.
...More than 5.8 million people were receiving extended benefits in the week ended Jan. 16, the latest data available, up from about 5.6 million the previous week. The extended benefit data isn't seasonally adjusted and is volatile from week to week.
Still, the increasing number of people claiming extended unemployment insurance indicates hiring hasn't picked up. That leaves people out of work for longer and longer periods of time.
First-time jobless claims rise unexpectedly - Yahoo! Finance
Unemployment figures are now estimated to show a 10.1% national jobless rate in the coming week.
This is now the Obama Economy folks - and it ain't pretty...
_____
WASHINGTON (AP) -- The number of newly laid-off workers filing initial claims for jobless benefits rose unexpectedly last week, evidence that layoffs are continuing and jobs remain scarce.
The rise is the fourth in the past five weeks. Most economists hoped that claims would resume a downward trend that was evident in the fall and early winter.
...More than 5.8 million people were receiving extended benefits in the week ended Jan. 16, the latest data available, up from about 5.6 million the previous week. The extended benefit data isn't seasonally adjusted and is volatile from week to week.
Still, the increasing number of people claiming extended unemployment insurance indicates hiring hasn't picked up. That leaves people out of work for longer and longer periods of time.
First-time jobless claims rise unexpectedly - Yahoo! Finance