More Americans seek unemployment benefit
Latest official figures in the US indicate a rise in the number of Americans filing for first-time jobless benefits.
Initial unemployment claims, a proxy for layoffs across the country, rose by 9,000 to a seasonally adjusted 269,000 in the week that ended on November 28, the Wall Street Journal reported on December 3, citing the Labor Department figures.
However, jobless claims declined steadily from 2009 until this year, when they touched a four-decade low in July, the report added.
Last week’s data includes the Thanksgiving holiday. Claims figures are often volatile around holiday periods.
Claims for the prior week were unrevised at 260,000.
Thursday’s report showed the number of continuing unemployment benefits, claims drawn by workers for more than a week, rose by 6,000 to 2,161,000 in the week ended November 21.
Continuing claims are reported with a one-week lag.
Now James Morris, editor of America-hijacked.com, says that “many Americans have been out of work chronically, for long periods of time, and they are not even showing up on the records.”
He also blamed the government’s economic and foreign policy for the unemployment issue in the US.
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