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Unemployment Rates Go Down05-21-09 | News

Unemployment Rates Go Down

Unemployment was at 7.2 percent nationally, not a pretty sight. In many recessions, laborers are able to flee a failing industry and transition into one that is growing. The ongoing financial crisis has put a dent in every industry. ?EUR??,,????'??? Courtesy of smbZen BizJournal

The advance number of actual initial claims under state programs, unadjusted, totaled 565,395 in the week ending May 9, an increase of 27,856 from the previous week. There were 325,480 initial claims in the comparable week in 2008.

The advance unadjusted insured unemployment rate was 4.6 percent during the week ending May 2, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 6,166,785, a decrease of 95,837 from the preceding week. A year earlier, the unadjusted insured unemployment rate was 2.1 percent and the volume was 2,845,952. – Courtesy of US Department of Labor