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.

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