Weekly Jobless Claims Remain Stubbornly High at 1.48 Million

Sign of the times by Dain Nielsen is licensed under Flickr CC BY-SA 2.0
Nearly one and a half million Americans lost their jobs last week.

The Department of Labor said that 1.48 million filed claims for unemployment benefits last week, more than expected.

Economists surveyed by Econoday had been expecting 1.38million claims.

This was the 14th consecutive week with initial claims above one million.