Contact Us

Unemployment Applications Hit 8-Month High

Joe Raedle, Getty Images

The number of people applying for unemployment benefits surged last week to the highest level in eight months, a troubling sign one day ahead of the government’s report on April employment.

The Labor Department says applications rose last week by 43,000 to a seasonally adjusted 474,000.  It was the third increase in four weeks. Applications have jumped 89,000, or 23 percent, in the past month. The four-week average, a less volatile measure, rose for the fourth straight week to 431,250.

The increase is caused by layoffs throughout the economy.  The New York School System laid off 25,000 people.  Layoffs in the auto industry are up because some companies have shut down or slowed production because of parts shortages stemming from the earthquake in Japan.

The state of Oregon launched its own extended unemployment benefit program, which caused an increase in overall applications for unemployment benefits.

Separately, the Labor Department said U.S. companies squeezed more work out of their staffs in the first three months of the year. But the overall gain in productivity was much slower than in the previous three months.

via Unemployment applications hit 8-month high | Top AP Stories | – Houston Chronicle.

The government is scheduled to release its April jobs report on Friday.

Best of KSFA

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KSFA VIP quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KSFA VIP contests, events, coupons, presales, and much more delivered to you for FREE.