Visit EJCanavan's column >>

EJCANAVAN

Add To Watchlist
Articles Posted: 0; Links Seeded: 18
Member Since: 8/2008Last Seen: 11/06/2009

Jobless claims jump unexpectedly to 16-year high

Read ArticleArticle Source: Yahoo! News
advertisement

New claims for unemployment benefits jumped last week to a 16-year high, the Labor Department said Thursday, providing more evidence of a rapidly weakening job market expected to get even worse next year.

The jobless figures come as the Senate is expected to vote Thursday on legislation that would extend unemployment benefits. The White House said President George W. Bush would quickly sign the bill.

Published to:

What's this?
Who's leading the conversation?
This visualization below allows you to see the impact that each user has on the current conversation. The top row contains the group of users who have had the most impact, the 2nd row the group of users who have had the 2nd most impact (et cetera). Users with similar impact are grouped together, and the average score of the group is shown to the left of the group. The author of the article is also shown on the left, in their corresponding group. Each user's score is based on the number of comments the user has made plus the number of votes their comments have received. The scores are calculated relative one another, so while their absolute value is not particularly important, their relative difference does indicate a larger difference in impact on the conversation.
0.5
{"commentId":4138585,"authorDomain":"ejcanavan"}

Another indication of times to come ? This is a very scary number, especially for those coming out of college or high school expecting to enter the job market. If they couldn't afford to go to college before, they sure can't now.

"Economists consider jobless claims a timely, if volatile, indication of how rapidly companies are laying off workers. Employees who quit or are fired for cause are not eligible for benefits."

{"commentId":4138585,"threadId":"424084","contentId":"2132176","authorDomain":"ejcanavan"}
    Reply#1 - Thu Nov 20, 2008 11:11 AM EST
    {"canLink":false,"threadId":"424084","isPrivate":false}
    Leave a Comment:
    You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
    As a new user, you may notice a few temporary content restrictions. Click here for more info.
    {"threadId":"424084","contentId":"2132176"}
    Start TrackingStart Tracking
    Stop TrackingStop Tracking