Unemployment Benefit Claims Hit Highest Level Since 1982

Posted by Ryan Powers, Think Progress at 10:30 AM on February 26, 2009.

667,000 Americans applied for unemployment benefits last week.

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Unemployment figures released by the Labor Department this morning show that 667,000 Americans applied for unemployment benefits last week, while the number of people "remaining on the benefits roll after drawing an initial week of assistance increased by 114,000 to 5.112 million." The Washington Post explains that the "new claims are the most since October 1982, although the labor force has grown by about half since then." Additionally, last week's figures were revised upward by 4,000 to 631,000.

Tagged as: labor, economy, depression, washington post, jobs, unemployment, econopocalypse

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1982 ? That can't BE [Report this comment] Posted by: JSquercia on Feb 26, 2009 10:52 AM Current rating: 5 [1 = poor; 5 = excellent] Wait a minute the highest since 1982 ; that can't be right , wasn't the Great Reagan in office and didn't he work his economic magic then I see a the liberal Media involved in this SMEAR [« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5] » by "SMEAR" you mean truth, yes? Posted by: undrgrndgirl » RE: 1982 ? That can't BE Posted by: Quannah WE HAVEN'T SEEN AN ACCURATE NUMBER IN YEARS [Report this comment] Posted by: VZEQICVA on Feb 27, 2009 2:20 PM Current rating: 5 [1 = poor; 5 = excellent] The population in the U.S. was smaller then probably by 100 million. We have part timers, those whose benefits have run out, those who don't qualify to begin with. I seriously question the reporting not to mention the need for these massive layoffs to begin with. The great bubble on the way up was grossly exaggerated. The reverse is just as full of air. I'm not convinced that some of these companies could prove the need to let so many people go if they were required to justify their actions. Forget Wall St. and the banks. Where the hell is all the company money. Offshore? I know there's alot going on but these numbers deserve a closer look. I simply don't believe that all this is necessary. Thanks, ANNA [« Reply to this comment] [Post a new comment »] [Rate this comment: 1 - 2 - 3 - 4 - 5]

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» by "SMEAR" you mean truth, yes? Posted by: undrgrndgirl

» RE: 1982 ? That can't BE Posted by: Quannah

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» by "SMEAR" you mean truth, yes? Posted by: undrgrndgirl

» RE: 1982 ? That can't BE Posted by: Quannah