The number of Americans continuing to claim jobless benefits set a record for the ninth straight week, the Labor Department said Thursday. First-time claims for unemployment insurance rose to 652,000 from the previous week's figure of 644,000. A year ago, the number stood at 367,000.
Continuing claims have increased by more than 100,000 four times in the past five weeks. The number of people receiving benefits is at its highest level since May 1983, when the economy was recovering from a steep recession. The total is nearly double the amount a year ago, when about 2.8 million people were receiving unemployment checks.
Gee, I feel special.
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