Jobless Claims at Peak

REALITY BITES

Updated Apr. 25, 2017 4:12PM EDT / Published Feb. 19, 2009 8:13AM EST

More and more Americans are experiencing joblessness with each passing day. Nearly 5 million are now collecting unemployment benefits—an all-time high, the Labor Department reported this morning. Included in the 5 million making jobless claims are over 600,000 new recipients of aid. Just a year ago, 2.7 million were claiming benefits. Now, when factoring in the new extended unemployment program, the true number is 6.54 million Americans. So how does the labor market look? "In disarray," said one economist.

Read it at Associated Press

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Jobless Claims at Peak