By
Associated Press
.
Published: Thu, November 13, 2008 - 10:22 am
Last Updated: Thu, November 13, 2008 - 10:25 am
WASHINGTON (AP) - There's more proof that the financial crisisis taking a growing toll on the nation's workers.
The Labor Department says the number of people seeking
first-time claims for unemployment benefits has risen to a level
last seen immediately after the Sept. 2001, terrorist attacks.
They're seeking help as companies cut jobs.
New claims increased last week by 32,000 to a seasonally
adjusted level of 516,000.
The increase puts jobless claims at levels similar to the
recession of the early 1990s. The four-week average of claims,
which smooths out fluctuations, increased to 491,000, the highest
in more than 17 years.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Christmas Trees Not Impacted By The Bad Economy
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Who knows how many are truly unemployed. The way the jobless are counted skips over the long term unemployed and misses those who do not qualify for unemployment compensation.
Plant a victory garden folks.