Latest Career and Unemployment News 10/18/2010

26
New unemployment claims

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The number of U.S. workers filing new claims for unemployment benefits jumped to a 26-year high last week, according to government data on Thursday that pointed to a rapid deterioration in the economy. In addition, the number of people staying on the benefit rolls hit a record high in the week ended January 24, showing the weak labor market has yet to hit bottom.

The Labor Department said initial claims for state unemployment insurance benefits rose 35,000 to a seasonally adjusted 626,000 in the week ended January 31, the highest since the week ending October 30, 1982.

- Reuters

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