WASHINGTON – More people are filing for unemployment benefits and those who have jobs are working harder, according to data released today by the Labor Department.
Last week, 626,000 workers filed for first-time unemployment insurance, an increase of 35,000 over the previous week. During the same week last year there were 380,000 first-time claims. The average for the past four weeks was 582,250.
The nation lost jobs during every month of 2008 and today's data indicates that the trend is continuing into 2009. Tomorrow, the department is scheduled to release unemployment data for January. In December, the unemployment rate was 7.2%, the highest in 16 years.
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
© 2025 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.