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Thursday, January 27, 2011

Jobless Claims Pushed Higher By Wintry Weather

Snow and cold in four Southern states caused some companies to shut down

The number of people applying for unemployment benefits rose sharply last week as snowstorms in some parts of the country forced companies to lay off workers.

Applications surged by a seasonally adjusted 51,000 to 454,000, the highest level since late October.

However, much of the increase was blamed on bad weather in four Southern states. That caused some companies to temporarily shut down, a government analyst says.

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1 comment:

Arwen said...

This is just awful news. If remember correctly Joe you did say in one of your comments it was going to a lot worse before it gets better. It appears you were right.