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Unemployment Filings Keep Soaring - Highest Number In 26 Years Getting Jobless Checks - 11/21/08Submitted by Doug Cunningham on November 20, 2008 - 6:48pm
More layoff news in the headlines as unemployment filings skyrocket. Jesse Russell reports: The number of the unemployed filing for first times claims jumped to its highest rate since July of 1992 last week and the number of people receiving benefits leaped to the highest point in 26 years. 4.01 million workers filed for unemployment the second week of November. Most economists are projecting the unemployment rate to finish out the year between 6.3 and 6.5 percent. That rate could rise as high as 7.5 percent in 2009. Even workers with jobs are having a hard time making ends meet. As a result they are taking on second jobs. According to a poll by staffing firm Express Employment Professionals 42 percent of those polled said they are “looking for a second job to make ends meet this holiday season.” Only four percent said they were not looking for a second job and that their finances were fine. According to the Bureau of Labor Statistics 11 percent of all working Americans have both a full time and part time job. |
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