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Nearly 5 million are getting unemployment benefits

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Feb 19, 2009.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    http://news.yahoo.com/s/ap/20090219/ap_on_bi_go_ec_fi/economy

    WASHINGTON – The number of laid-off workers receiving unemployment benefits has jumped to an all-time high near 5 million while new jobless claims remain well above 600,000. Both figures were worse than expected and new projections from the Federal Reserve show unemployment rising for the rest of this year.
    The Labor Department reported Thursday that the number of people receiving regular unemployment benefits rose 170,000 to 4.99 million for the week ending Feb. 7, marking the fourth straight week those receiving benefits have been at a record level on data going back to 1967.


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