Record continuing jobless claims threatens more foreclosures | Sprint Pay

Record continuing jobless claims threatens more foreclosures
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June 8th, 2009TedUncategorized

Yet another ignominious distinction for the U.S. labor market: Continuing unemployment claims surged 122,000 to a record 5.56 million, the U.S. Labor Department announced Thursday, as more Americans found it hard to find comparable employment amid the nation’s worst economic downturn since the 1981-82 Reagan recession.

Meanwhile, initial jobless claims increased 8,000 to 652,000 for the week ending March 2. Initial jobless claims have now been above 600,000 for two months.

One Response to “Record continuing jobless claims threatens more foreclosures”

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