news.yahoo.com - 11/20/2008
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WASHINGTON New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market expected to get even worse next year. The government said new applications for jobless benefits rose to a seasonally ...
thinkprogress.org - 11/20/2008
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thinkprogress.org —
New claims for unemployment jumped unexpectedly to a
16-year high last week , the Labor Department reported,...
with 542,000 new claims for jobless benefits being filed. “Claims above 400,000 are generally considered a sign of recession , and ...
(more)
Jobless claims jump to 16-year high.
chicagobreakingnews.com - 11/20/2008
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chicagobreakingnews.com —
The government said new applications for jobless benefits
rose to a seasonally adjusted 542,000 from a downwardly...
revised figure of 515,000 in the previous week. That's much higher than Wall Street economists' expectations of 505,000, according to a ...
(more)
Jobless claims hit 16-year high
cnbc.com - 11/20/2008
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cnbc.com —
The number of U.S. workers filing new claims
for jobless benefits surged last week to their highest...
level in 16 years, Labor Department data showed on Thursday, as a harsh economic environment forces employers to cut back on hiring. Initial claims for ...
(more)
Jobless Claims Hit 16-Year High, Above Forecast - ...
Comments
Blog Reactions
The deteriorating job market
Political Animal —
THE DETERIORATING JOB MARKET.... I don't want to alarm anyone, but the job market appears to be in pretty horrendous shape . New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market expected to get even worse next year. The government said new applications for jobless benefits rose to a seasonally adjusted 542,000 from a downwardly revised figure of 515,000 in the previous week. That's much higher than Wall Street economists' expectations of 505,000, according to a ...
Unexpected?
Matthew Yglesias —
I’m a bit confused by this headline: “Jobless claims jump unexpectedly to 16-year high”
Were people really not expecting an extremely bad jobs report? Can I be made an official expecter of stuff? ...
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[b]Continuing claims rise to another record high again as recession bites.[/b]
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