Jobless claims jump more than expected


	Jobless claims jump more than expected

daltonsbriefs

11-20-2008 9:17 AM

194 views

tags:

real estate, jobs, unemployment

daltonsbriefs says:

Hold your horses, this news was expected and frankly will probably get a bit worse in December and January before we see jobs numbers improve. 3 million members of the real estate - housing industry have lost jobs over the last year, this wave affect is now finally hitting the rest of the economy.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7f0ec51c-d7b4-4e63-9353-23f2078fffb2/B122DD0D-007C-4E6F-9507-D4A4122FFF8C/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marketwatch.com/news/story/story.aspx?guid=%7B4042254D%2D1594%2D44AB%2D9DFF%2D768228795ED4%7D&siteid=rss" href="http://www.marketwatch.com/news/story/story.aspx?guid=%7B4042254D%2D1594%2D44AB%2D9DFF%2D768228795ED4%7D&siteid=rss" style="font-size: 11px;">www.marketwatch.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/story.aspx?guid=%7B4042254D%2D1594%2D44AB%2D9DFF%2D768228795ED4%7D&siteid=rss"><H1 class="storytitle" id="StoryContent_TopPageNavigation_Headline">Weekly U.S. jobless claims jump to 542,000</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/story.aspx?guid=%7B4042254D%2D1594%2D44AB%2D9DFF%2D768228795ED4%7D&siteid=rss"><H2 class="storytitle" id="StoryContent_TopPageNavigation_Headline2">Initial claims hit highest since July 1992; continuing claims touch 4 million</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marketwatch.com/news/story/story.aspx?guid=%7B4042254D%2D1594%2D44AB%2D9DFF%2D768228795ED4%7D&siteid=rss"><DIV class="p">
            Initial claims for state unemployment benefits rose by 27,000 to stand at 542,000 in the week ended Nov. 15, the Labor Department reported. The number was much higher than the 503,000 that had been expected by economists. 
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