First-time Unemployment Rising January 27, 2012

The Labor Department reported that the number of people that filed for initial unemployment benefits in the week of Jan. 21st reached 377,000. This means that the number was up 21,000 from the week before.

Many economists believe that the week to week numbers can be very volatile and that the overall picture is much more important.  The overall trend has been a downward trend, showing that the number of people that are filing for first-time unemployment benefits is decreasing.

During the worst times of this recession the unemployment offices across the nation filed as many as 659,000 initial claims in a single work.

Unfortunately, millions of Americans remain jobless. 3.6 million people filed for their second week of unemployment benefits.  Although the trend shows progress, we still have a long ways to go.

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