US jobless claims reach record 6.14m
OPS_admin | Apr 23, 2009 | Comments 0
US jobless claims reach record 6.14m - By Alan Rappeport
New US jobless claims rose last week after easing the week before, the labour department said on Thursday, while the number of workers continuing to claim unemployment grew to a fresh record high as companies continue to shed workers.
Initial claims rose by 27,000 to 640,000, in line with economists’ predictions. Those making continuing claims rose from a revised 6.04m to 6.14m in the second week of April, the highest total since tracking began in 1967.
Economists had expected that new jobless claims would rise to 640,000 after easing by a revised 613,000 the week before. That decline had surprised consensus estimates that claims would rise, but many attributed it to the Good Friday and Passover holidays.
The four-week average for new claims was 646,750 last week, an improvement from the 651,000 average the prior week. The four-week average for continuing claims, however, rose by 142,500 to 5.94m.
via FT.com / World – US jobless claims reach record 6.14m.
Filed Under: Economy - Labor
Comments (0)
-
Who will you vote for this year: Big Oil, Big Casinos, or Wall Street?
Billionaire hedge fund manager - and primary contributor to Rick Santorum's Red, White, and Blue SuperPAC - Foster Friess let the truth slip out about politics in this post-Citizens United age during an interview with Politico. Friess was among several billionaires who attended the Koch brothers secret meeting last month where over a hundred million dollars was pledged to beat President Obama.Trying to get other oligarchs on the side of Rick Santorum - Friess said, "There isn't a person at the Koch brothers events who would not get a good return on their investment by investing in [Santorum] as president, because of what they believe about the free enterprise system." The key word there: investment. These aren't campaign contributions - these are investments that millionaires and billionaires are making to keep their tax breaks, their subsidies, and their lax regulations in place.We no longer have actual people running for President - we have a few very, very rich people like Friess and the Kochs investing in stooges to do their bidding - and hoping to see major returns in their bank accounts. So who will you vote for this year? Big Oil, Big Casinos, or Wall Street?-Thom(Who will you vote for this year? Tell us here.) -
LEGALIZE Democracy
" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
MOVE to AMEND
a project of the CAMPAIGN TO LEGALIZE Democracy
Help end Corporate personhood
-
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. 
