H
Harry Hope
Guest
The number of people staying on benefit rolls was the highest in
almost two years.
............................................................................................
The number of people continuing to collect state jobless benefits
increased to 2.665 million in the week that ended Nov. 17, the most
since December 2005, from 2.553 million the prior week, the report
showed.
From Bloomberg, 11/29/07:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1ogMRh7qnWo&refer=home
U.S. Initial Jobless Claims Climb to Nine-Month High
By Joe Richter
Nov. 29 (Bloomberg) --
The number of Americans filing first- time claims for unemployment
benefits rose more than expected to the highest in nine months,
pointing to further slowing in the labor market.
Initial jobless claims increased by 23,000 to 352,000 in the week that
ended Nov. 24, the most since February, the Labor Department said
today in Washington.
The number of people staying on benefit rolls was the highest in
almost two years.
Companies are axing jobs as the worst housing recession in 16 years
and record energy costs drag down growth, economists said.
A slowdown in employment would remove what Federal Reserve Vice
Chairman Donald Kohn yesterday called a ``pillar'' of support for
consumer spending, which makes up two-thirds of the economy.
``Employment growth has been slowing,'' James O'Sullivan, a senior
economist at UBS Securities LLC in Stamford, Connecticut, said before
the report.
``Given the turmoil in financial markets and lower confidence readings
recently, additional labor market weakening is credible.''
_________________________________________________
Harry
almost two years.
............................................................................................
The number of people continuing to collect state jobless benefits
increased to 2.665 million in the week that ended Nov. 17, the most
since December 2005, from 2.553 million the prior week, the report
showed.
From Bloomberg, 11/29/07:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1ogMRh7qnWo&refer=home
U.S. Initial Jobless Claims Climb to Nine-Month High
By Joe Richter
Nov. 29 (Bloomberg) --
The number of Americans filing first- time claims for unemployment
benefits rose more than expected to the highest in nine months,
pointing to further slowing in the labor market.
Initial jobless claims increased by 23,000 to 352,000 in the week that
ended Nov. 24, the most since February, the Labor Department said
today in Washington.
The number of people staying on benefit rolls was the highest in
almost two years.
Companies are axing jobs as the worst housing recession in 16 years
and record energy costs drag down growth, economists said.
A slowdown in employment would remove what Federal Reserve Vice
Chairman Donald Kohn yesterday called a ``pillar'' of support for
consumer spending, which makes up two-thirds of the economy.
``Employment growth has been slowing,'' James O'Sullivan, a senior
economist at UBS Securities LLC in Stamford, Connecticut, said before
the report.
``Given the turmoil in financial markets and lower confidence readings
recently, additional labor market weakening is credible.''
_________________________________________________
Harry
