Thursday, January 15, 2009

Thursday Is New Jobless Day

Still high.

Initial claims for state unemployment insurance benefits rose 54,000 to a seasonally adjusted 524,000 in the week ended Jan. 10 from an upwardly revised 470,000 the prior week, the Labor Department said.


...The four-week moving average for continuing claims, at 4.498 million, was the highest in 26 years.