November 12, 2008, Washingon, D.C.(JusticeNewsFlash.com)–Breaking news–The number of Americans filing for unemployment benefits reached its highest level in 25 years. The Article Control filings have reached 3.8 million. The highest weekly tally in over 17 years reached 491,000. The United States Labor Department noted the U.S. unemployment rate jumped to 6.5% in October. Insiders are speculating the consumers and businesses could see the U.S. unemployment rate reaching 8% in 2009. Government officials and economic speculators cite credit-crunched companies, shedding jobs to weather the tough economy, may be a large part of this problem.
United States weekly unemployment claims hit their highest levels since the September 11, 2001, attacks. The American government reported newly laid-off individuals, seeking unemployment benefits, jumped by 32,000 last week. These newly reported figures are far above the 4,000 economic advisors had speculated.
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