People on Jobless Benefit in U.S. Rises to Record

Unemployment in the U.S. is on the rise. According to the recent reports from the Labor Department the number of U.S. workers seeking unemployment benefits has hit a new record.

In forex trading the U.S. dollar plunged for a second straight session. Unemployment rate has skyrocketed in the recession mired U.S.


Figures underscore the difficulty of finding a new job:

• 5.47 million People staying on the jobless rolls or the unemployment social security benefit.

• That makes the number of people filing new claims for jobless benefits rise to 646,000 from 658,000 the previous week.
• Over 4 million jobs lost in the country since the recession began 15 months back
• Jobless rate has hit 25-year high of 8.1 percent.
• Percentage of insured workers receiving jobless benefits jumps to the highest since 1983 to 4.1%

According to market analysts U.S. is likely to lose more than 700,000 jobs this month. The pressure on employment in the U.S. is building without any signs of it easing in sight. Analysts are not predicting a strong growth for the American economy until 2010.

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