Jobless benefit claims skyrocket in week

UPI ^

[Arthurio]

WASHINGTON, Nov. 15 (UPI) -- The U.S. Labor Department Thursday said first-time jobless benefits claims rose by 78,000 in the week ending Saturday.

Initial claims jumped out of a relatively comfortable 355,000 claims -- the third lowest week since the recession ended in June 2009 -- to 439,000 with the four-week rolling average up 11,750 to 383,750.

The weekly figure has been volatile of late -- rising by 46,000 one week in mid-October, for example, but a one-week jump of 78,000 is a clear setback. First time claims have not been this high since the week of April 30, 2011.

Read more: http://www.upi.com/Business_News/2012/11/15/Jobless-benefit-claims-skyrocket-in-week/UPI-95111352997324/#ixzz2CJdJvYYB

[hinckley buzzard]

Say hello to the new recession, same one as the old recession.

[Pearls Before Swine]

Sandy’s fault.

I think that's partly true. There were some lower numbers for a week or so because Sandy messed up the reporting. So I'd say maybe half of the increase belongs to the last couple of weeks, and the rest is for this week. Still a 400k week, and not good news.

[Secret Agent Man]

For perspective that’s like laying off 2/3 of the entire population of Alaska.

[shotgun]

Did the full article also mention that the “comfortable 355,000 per week” were all revised upward as expected!