My economy/industri news blog

Unemployment Claims fell, but Unemployment Rate Continues to Soar.

Statistics show that there are only few workers who sought unemployment benefits last week. The number is less than what is expected considering the growing unemployment rate. Perhaps because the workers may have delayed filing their claims due to the Thanksgiving holiday. However, the dip in unemployment benefits claims is only temporary as more companies are laying off workers and have stopped hiring personnel. It could be expected that in the coming weeks, the number of people seeking unemployemnt benfits will rise. While the benefits claims will help the laid-off workers, that will only be on a temporary basis. The people still need jobs more than the unemployment benefits.

Posted by Jones on January 8th, 2009 :: Filed under Uncategorized
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