Americans Receiving Jobless Benefits Hits Record

By: Associated Press Email
By: Associated Press Email

Washington (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.

Post Your Comments

KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 38601057 -
Gray Television, Inc.