U.S. Jobless Claims Hit 654,000

March 12, 2009
Loss was higher than expected

Job loss in the past week rose higher than expected hitting 654,000 as the recession hit the labor market hard, government data showed on March 12. Analysts had expected the latest figure to be 644,000

The number of initial claims for unemployment benefits rose by 9,000 in the week ending March 7 from the previous week's revised figure of 645,000, the Labor Department said.

The four-week moving average was 650,000, an increase of 6,750 from the previous week's revised average of 643,250, the department said.

Copyright Agence France-Presse, 2009

Popular Sponsored Recommendations

Discover How an Eye Tracking Study Improves Training Procedures

Oct. 29, 2023
Did you know that your training processes can be streamlined by visualizing and analyzing key skills within your employee base? Find out how we use eye tracking to capture advanced...

Goodridge Boosts Productivity & Saves Costs by Moving to the Cloud!

Dec. 4, 2023
With Infor's cloud solutions, Goodridge has been able to greatly increase overall productivity, cost savings, data visibility, and automation. This case study discusses the many...

The Benefits of Continuous Thermal Monitoring

Oct. 17, 2023
Read this eBook to learn more about collecting and using data intelligently to improve performance.

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!