Jobless Claims Jump To 516,000

Watch how the conservatives will try to deflect this onto Obama, or even Bill Clinton, before they accept responsiblity for destroying our economy.

"The number of Americans filing new claims for unemployment insurance last week surged to the highest levels since the wake of the Sept. 11, 2001 terrorist attacks, and the number continuing to collect benefits rose to a 25-year high, the government said Thursday.

The U.S. Department of Labor reported that initial filings for state jobless benefits reached 516,000 for the week ended Nov. 8. That's the highest total since the week ended Sept. 29, 2001, two weeks after the attacks against New York and Washington, when 517,000 initial claims were filed.

Claims increased by 32,000 from the previous week's revised figure of 484,000. Economists surveyed by Briefing.com expected 479,000 claims.

The report shows the number of Americans continuing to collect unemployment benefits surged by 65,000 to 3,897,000, the highest level since January 1983. The data comes from the week ended Nov. 1, the most recent available."

This place is getting ug-ly.

Source: CNN