Kentucky Local News, Weather, Sports | Lexington, KY | WKYT

New Jobless Claims Jump More Than Expected to 626,000

Negative economic reports today include a bigger-than-expected jump in new unemployment claims last week. The Labor Department reports 626,000 laid-off workers filed.

**FILE** In this July 30, 2008 file photo, jobs brochures are seen on display at a state unemployment office in Sunnyvale, Calif. The government says Thursday, Aug. 21, 2008, the number of newly laid-off workers seeking unemployment benefits fell more than expected last week, the second straight weekly drop from a six-year high. (AP Photo/Paul Sakuma, file)

WASHINGTON (AP) - Negative economic reports today include a
bigger-than-expected jump in new unemployment claims last week. The
Labor Department reports 626,000 laid-off workers filed.
The total of new jobless claims is far more than analysts'
expectations of 583,000.
Also today, the Commerce Department reports the fifth straight
monthly decline in factory orders in December -- a 3.9 percent
drop.
Meanwhile, many retailers are reporting January sales declines,
with Wal-Mart the big exception.
On Wall Street, stocks were moderately lower for most of the
morning, but have turned higher in midday trading.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 39154037 - wkyt.com/a?a=39154037
Gray Television, Inc.