More file for jobless claims

By Bob Willis | January 16, 2009, Friday |

Print Edition

FIRST-TIME claims for United States jobless benefits last week rose more than forecast, signaling companies stepped up the pace of firings at the start of the year.

Initial jobless claims jumped by 54,000 to 524,000 in the week that ended on January 10, from a revised 470,000 the prior week, the Labor Department said yesterday in Washington. The number of people collecting benefits fell from a 26-year high, Bloomberg News said.

The worst holiday sales season in at least 40 years and the lack of credit will probably prompt even more payroll cuts in coming weeks and months. President-elect Barack Obama, who takes office on Tuesday, has proposed a stimulus plan to save or create up to 4 million jobs.

"Increased layoffs will remain a weight on consumer spending," Tom Porcelli, an economist at Castlestone Management Ltd in New York, said before the report.

Economy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

More file for jobless claims

Email this to your friend