The Labor Department released its weekly jobless claims showing how many Americans have filed for new unemployment benefits. Consensus estimates according to Bloomberg was 610,000 for the week, although Dow Jones was only expecting a gain of about 26,000. The data showed 589,000 claims.
This was an adjusted gain of some 62,000 jobs after seasonaladjustments. This also matched the highest reading since 1982 and inthe week of December 20 of last year.
The number of continuing claims rose by 97,000 to 4,607,000. It is asad day when we have a metropolis’ worth of population spread out overthe country that is unemployed. And it is expected to only get worse.
Jon C. Ogg
January 22, 2009
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
