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The number of out-of-work Americans filing new claims for unemployment insurance rose last week to a 7-year high, according to a government report released Thursday. The Department of Labor said initial filings for state jobless benefits increased by 1,000 to a seasonally adjusted 497,000 in the week ended Sept. 27. The consensus estimate of economists surveyed by Briefing.com was for a decline to 475,000. The prior week was revised up 1,000 to 496,000. The number of people filing for jobless benefits is the highest since the 517,000 reported in the week ended Sept. 29, 2001, when unemployment soared in the wake of the Sept. 11 terrorist attacks. At this time last year, the figure stood at 324,000. The Labor Department said that about 45,000 of the new claims were due to the effects of Hurricanes Gustav and Ike. That helped increase the seasonally adjusted four-week
Initial jobless claims soar - Sep. 25, 2008
Jobless claims soar near 7-year high First economic report since financial meltdown shows ... The plan should be approved with no ... is expected to continue to be hard-hit by ...
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Initial jobless claims soar - Sep. 25, 2008
Jobless claims soar near 7-year high First economic report since financial meltdown shows ... is expected to continue to be hard-hit by ... after the House rejects $700 billion rescue plan ...
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Initial jobless claims soar - Sep. 25, 2008
Jobless claims soar near 7-year high First economic report since financial meltdown shows ... is expected to continue to be hard-hit by ... Congress prepares to vote U.S. bailout plan ...
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New U.S. home sales plummet; jobless claims reach 7-year high ...
New U.S. home sales plummet; jobless claims reach 7-year high ... year housing slump and deepen the economic ... scramble to find a way to rescue the $700 billion bailout plan a day ...
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Jobless Claims Jump to 493,000; Durable-Goods Orders Weak Too ...
... S. weekly jobless claims ... 700 billion rescue of financial companies. The Labor Department said U.S. weekly jobless claims ... Texas, states hit by the hurricane, filing claims.
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'Unpopular' Bailout Package Faces Vote this Afternoon
... Markets A Lift WaMu Is Seized to Avoid Failure Claims for Jobless Benefits at 7 Year High ... votes, leaning on lawmakers to take a political hit ... was being stampeded into hasty action on a plan that wouldn’t make a dent in the nation’s economic woes ...
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Source: The Ledger
NewsDateTime: 9/29/2008
WaMu Is Seized to Avoid Failure
... Stalls as GOP Revolts Hopes Of Bailout Give Markets A Lift Claims for Jobless Benefits at 7 Year High Palin ... 700 Billion Bailout in the Works Rough Week Rattles Wall St. Economic Bailout Plan ... had been nervous about the fate of WaMu, among the worst-hit by ...
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Source: The Ledger
NewsDateTime: 9/26/2008
Dollar - Dropping to New Lows?
... Rescue Plan ... 7 year low, was a loud and clear signal that demand is contracting rapidly. Add to that the fact the weekly jobless claims ... to hit a 0.9 percent annual pace – setting a new 9 year high. Along with an expected uptick in the jobless ...
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Source: DailyFx
NewsDateTime: 9/22/2008
Today in the Sky •
The father who abandoned nine of his 10 children at a hospital this week tells KETV-TV he took advantage of Nebraska's new "Safe Haven" law because he felt overwhelmed after his wife died. "I was with her for 17 years, and then she was gone. What was ...
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Source: USA Today Blogs
NewsDateTime: 9/8/2008
TheStar.com | Business | U.S. bailout deal stalls as Republicans balk
WASHINGTON–A Republican revolt stalled urgent efforts to lash together a national economic rescue plan today, a ... Carney U.S. jobless claims hit 7-year high Oil nears US$108 on Wall Street bailout news U.S. new home sales plummet Financials, oils ...
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Source: Toronto Star
NewsDateTime: 9/25/2008
The number of Americans continuing to collect uninsurance claims increased by 48,000 to 3,591,000 for the week ended Sept. 20, the most recent week available. The 4-week moving average jumped 46,750 to 3,528,500 from the preceding week. Economists from Briefing.com expect September job losses to spike to 105,000 and for the unemployment rate to remain steady at 6.1% when the government's monthly report is released Friday. The economy already has lost 605,000 jobs this year
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