The United States of Unemployment

[marmar]

from CNN Money:



Jobless claims surge
Number of Americans filing for unemployment benefits breaks half-million mark for first time in 2009.


NEW YORK (CNNMoney.com) -- The number of Americans filing for first-time unemployment benefits rose more than expected last week to 524,000, breaking the half-million mark for the first time in 2009, according to a government report released Thursday.

The Labor Department said that initial filings for state jobless benefits rose 54,000 for the week ended Jan. 10.

Economists polled by Briefing.com expected the reading to rise to 501,000 claims.

Jobless claims were revised upward to 470,000 from 467,000 for the week ended Jan. 3.

The last time jobless claims exceeded the half-million mark was the week that ended Dec. 20, when claims surged to a 26-year high of 589,000. ......(more)

The complete piece is at: http://money.cnn.com/2009/01/15/news/economy/jobless_claims/index.htm

[geckosfeet]

1. Projecting out to the end of the month - close to a million jobs lost.

[LuckyLib]

2. Unfortunately, we ain't seen nothin' yet.

[TheKentuckian]

3. The dominos are still tumbling.

and that in no way accounts for those of us that have jobs but have had our pay butchered to the point that ends can't meet anymore or for the older people that have lost their retirements.

Kids can't even get on at McDonald's at this point because they're getting elbowed out by people with degrees.

[blue_onyx]

4. The unemployment numbers are scary

I don't think we're anywhere near a economic turn-around point. Lets hope Obama's stimulus plan works.

[onethatcares]

5. where the hell did nutjob get the 52 months of job creation

he yakked about on some interview or other?