Thursday, November 13, 2008

Thursday is New Jobless Day

Holy crap:

The number of U.S. workers filing new claims for jobless benefits rose last week to 516,000, the highest level since the weeks following the Sept. 11, 2001 attacks, the Labor Department reported on Thursday.


Continuing claims reached 3.897 million for the week ended Nov. 1, the latest period for which the data was available, which was an increase from 3.832 million the prior week and marked the most people filing for ongoing unemployment assistance in a quarter of a century. Continuing claims were 3.95 million in the week ended Jan. 15, 1983.