Bad news in unemployment front could dog White House
June 2nd, 2011
09:37 AM ET

Bad news in unemployment front could dog White House

Bad news for the U.S. labor market and the White House this morning. CNNMoney's Annalyn Censky reports that the number of Americans filing for their first week of unemployment benefits stayed above 400,000 for the eighth week in a row last week, a sign of continuing weakness in the labor market:

In the week ended May 28, 422,000 Americans filed for their first week of unemployment benefits, the Labor Department said Thursday.

While that marked a 6,000 decrease from the revised 428,000 initial claims filed the week before, it was worse than economists' expectations for 413,000 claims.

It's a topic that's sure to dominate today's White House press briefing.

Topics: President Obama

soundoff (3 Responses)
  1. Shane

    hmm, It s been a year and a half I have a college degree and theirs nothing out there, The goverement is begging us to walk away from the working world. My benefits have been cut off now what is there to do.

    June 8, 2011 at 11:58 pm |
  2. Liz Carter in Georgia

    Shane; I sympathize with you and the predicament you've found yourself in, and I hope and pray that oportunities open up for you young college graduates soon. I have to say that even when I was in college back in the 60s, when we graduated, we often found it hard to find jobs in our fields too. Many job opportunities required that we relocate; just uproot ourselves from our home states and move; or we seemed to be still in competition with 'experience' rather than education! Our 'fields' were overcrowded!

    June 10, 2011 at 9:35 am |
  3. Liz Carter in Georgia

    Contd: I actually ended up taking a job with the federal government, which I turned into a career and have now retired. I thank GOD that I was able to accomplish at least that. Times and occupational skill requirements in America's society have certainly changed now. We don't need many more majors in psychology, history, english, philosophy, etc anymore! I remember even back then, our older folks used to tell us, 'Children, you need to be out there trying to learn yourself a 'trade'! That meant a vocation!

    June 10, 2011 at 10:01 am |