US new jobless claims surge to 26-year high
The Labour Dept says the number of US workers filing new claims for unemployment benefits jumped by 30,000 to 586,000 last week, the highest since Nov 1982.world Updated: Dec 24, 2008 21:55 IST
The number of US workers filing new claims for jobless benefits jumped by 30,000 to a 26-year peak last week, government data on Wednesday showed, as the country's year-long recession continued to chill the labor market.
Initial claims for state unemployment insurance benefits rose to a seasonally adjusted 586,000 in the week ended Dec 20 from a revised 556,000 the prior week, the Labor Department said. It was the highest since the week ending Nov 27, 1982.
Analysts polled by Reuters had forecast 560,000 new claims versus a previously reported count of 554,000 the week before.
A Labor Department official said there were no special factors influencing the data and no noticeable impact from severe winter weather in northern parts of the country.