Unemployment Claims Jump More Than Expected

WASHINGTON (AP) - The number of new unemployment claims jumped more than expected last week, as companies continue to cut jobs at a furious pace and more Americans turn to an extended benefits program.

The Labor Department reported Thursday that initial jobless benefit claims rose to a seasonally adjusted 589,000 in the week ending Jan. 17, from an upwardly revised figure of 527,000 the previous week. The latest tally was well above Wall Street economists' expectations of 540,000 new claims.

The total matches a 26-year high reached four weeks ago. The last time claims were higher was in November 1982, when the economy was emerging from a steep recession, though the work force has grown by about half since then.

The increase is partly due to a backlog of claims that piled up in recent weeks in several states that experienced computer crashes due to a crush of applications, a Labor Department analyst said. The four-week average of claims, which smooths out fluctuations, was 519,250, the same as the previous week.

You must be logged in to post comments.

Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by HOPEFUL on Jan 23, 2009 at 01:04 PM
    Linda in Illinois I pray they will grant another extension. They need to do several more because people are losing jobs daily and until the economy gets fixed, nothing will be done. You cannot even find part-time jobs much now. I am barely surviving. I lost my job after 30 years in a factory. The plant shut down and moved to Mexico. Did you see Bush or Fletcher trying to stop it? NO. Bush wanted more free trade.
  • by Terri on Jan 23, 2009 at 05:43 AM
    What a path of economic distruction the Bush administration and republicans have led us on, Obama will fix it but it will take years.
  • by Linda Location: Illinois on Jan 23, 2009 at 04:41 AM
    Is there going to be another unemployment extension? Our unemployment is almost gone. Can't find a job how do people survive?


2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Register for Email
RSS Feeds
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 38163529 - wkyt.com/a?a=38163529
Gray Television, Inc.