"The number of new jobless claims in the United States rose by 1.2 percent to 652,000 during the week ending March 21 as the country reeled from recession, the Labor Department said Thursday.The initial claims for unemployment benefits was roughly in line with the 650,000 figure forecast by analysts and marked an increase of 8,000 from the previous week's revised figure of 644,000.The claims peaked two weeks ago at 657,000, a 26-year high.The four-week moving average of initial claims, a more reliable indicator of unemployment trends, was 649,000, down by 1,000 from the previous week's revised average of 650,000, the department said.It said that the number of people receiving unemployment benefits for the week ending March 14 increased to a new record high of 5.56 million, an increase of 122,000 from the preceding week's revised level of 5.43 million."
Raw Story Snippet , do link to title for more....
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Do read the Comments on this post:::
Fran brought up a really Important Point below, for each of those laid off there is Now More People without Health Care and Health Insurance, it is really true...I am working on a post right now that I am actually trying to revise the Un-Insured Numbers and Under-Insured Numbers, it should be up this weekend.
Also Walking Man who lives in Michigan makes a point about Un Employment and in Michigan it is 22%....he is right that we NEED the Infrastructure Projects to start NOW...I agree we need WPA projects....and they need to start SOON...otherwise we are in for a long hot devastating summer....
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