Unemployment benefit claims hit highest level since 1982.

Posted on

"Unemployment benefit claims hit highest level since 1982."

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 a 5.112 million.” The Washington Post explains that the “new claims are the most since October 1982, though the labor force has grown by about half since then.” Additionally, last week’s figures were revised upward by 4,000 to 631,000.

« »

By clicking and submitting a comment I acknowledge the ThinkProgress Privacy Policy and agree to the ThinkProgress Terms of Use. I understand that my comments are also being governed by Facebook, Yahoo, AOL, or Hotmail’s Terms of Use and Privacy Policies as applicable, which can be found here.