Thursday, August 07, 2008

Thursday Is New Jobless Day

Ouch. Another big number.

Jobless Claims Rise 7, 000 to 455,000. Expectations Called for Claims to Fall.


Meanwhile, the four-week moving average of claims, which smooths out weekly fluctuations, rose to 419,500 last week, the highest since mid-July 2003.

The number of people continuing to collect unemployment benefits went up by 31,000 to 3.3 million for the week ending July 26, the most recent period for which that information is available. That was the highest since early December 2003.