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Something to think about ( Jobs report )

R-14Driver

Well-Known Member
Applications for jobless benefits rise to 462K

WASHINGTON – More people applied for unemployment benefits last week, the first rise in three weeks and evidence that companies are reluctant to hire in a slow economy.

Initial claims for unemployment aid rose by 13,000 to a seasonally adjusted 462,000, the Labor Department said Thursday. It was only the second rise in two months.

Jobless claims have been stuck near 450,000 all year. Few employers see much reason to create many jobs, and some are still laying off workers. Rail operator CSX Corp., for example, said Wednesday that it can lengthen its trains to handle rising shipments, reducing its need to hire more employees.

"The labor market is kind of frozen right now," said Zach Pandl, an economist at Nomura Securities. "There's not a lot of hiring going on, not a lot of quitting, not a lot of layoffs."...................

Applications for jobless benefits rise to 462K - Yahoo! News
 

R-14Driver

Well-Known Member
From above article :

The number of people continuing to receive benefits fell by 112,000 to just under 4.4 million, the department said. But that doesn't include several million people who are receiving benefits under extended programs approved by Congress.

The number of people on extended benefits dropped by about 340,000 to about 4.8 million in the week ending Sept. 25, the latest data available. All told, about 8.6 million people received unemployment aid that week........................
 
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