Americans Receiving Jobless Benefits Hits Record
January 29th, 2009Via: AP:
The government says the number of people receiving unemployment benefits has reached an all-time high as layoffs spread throughout the economy.
The Labor Department says the number of laid-off workers continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest since records began in 1967.
The department also says the number of Americans filing new jobless benefit claims rose slightly to a seasonally adjusted 588,000 last week, from a downwardly revised figure of 585,000 the previous week.
Both results were worse than analysts expected.
