WASHINGTON — There were 445,000 first-time filings for unemployment insurance last week, compared with the revised figure of 451,000 the week before, the Labor Department reported today.
While the week-to-week numbers fell, the year-to-year data told a different story. During the same week last year, there were 322,000 first-time filings.
The four-week average of first-time claims was 440,000, an increase of 250 compared with last week's numbers.
The nation's economic woes have been a major issue in the presidential campaign and several of the states that saw the highest increases in new claims are considered battlegrounds: Ohio, North Carolina, Pennsylvania, Missouri and Pennsylvania.
Today's data report follows bleak news from the government's latest unemployment figures.
Last Friday, the department reported that unemployment rose to 6.1% in August, the highest in four years, as businesses cut 84,000 jobs. Those numbers represented the 8th consecutive month of job losses.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
