Thursday, January 29, 2009

Weekly Jobless Claims Report offers more bad news

US new jobless claims up,continued claims a record

Thu Jan 29, 2009 8:35am EST

WASHINGTON, Jan 29 (Reuters) - The number of U.S. workers filing new claims for jobless benefits rose 3,000 last week, data on Thursday showed, while so-called continued claims hit the highest level on record as a year-long recession chilled employment.

Initial claims for state unemployment insurance benefits increased to a seasonally adjusted 588,000 in the week ended Jan 24 from a revised 585,000 the prior week, the Labor Department said.

Analysts polled by Reuters had forecast 580,000 new claims versus a previously reported count of 589,000 the week before.

(Reporting by Alister Bull, Editing by Chizu Nomiyama)

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