- The Washington Times - Thursday, January 1, 2009

ASSOCIATED PRESS

The number of laid-off workers continuing to draw unemployment benefits has surged again, as finding new jobs becomes even more difficult amid a deepening recession.

The Labor Department reported Wednesday that people continuing to draw unemployment benefits increased by a larger-than-expected 140,000 to 4.5 million for the week ending Dec. 20, the most recent period for which that information is available. That was the most since early December 1982, when the country was emerging from a deep recession, though the labor force has grown by about half since then.

A year ago, the number of people continuing to draw jobless benefits was 2.7 million.

The department’s report also showed that the number of laid-off workers filing first-time applications for jobless benefits dropped by a seasonally adjusted 94,000 to 492,000 for the week ending Dec. 27.

That decline, however, didn’t signal any improvement in labor conditions. The drop - while bigger than economists expected - was mostly related to seasonal adjustment difficulties and reflected some out-of-work people not making it to unemployment offices to file claims over the Christmas holiday, analysts said.

Copyright © 2019 The Washington Times, LLC. Click here for reprint permission.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide