The latest claims report relies on estimates for two states, Nebraska and Virginia. Both reported technical problems. Last week the Labor Department had to use estimates for nine states, including California, because of disruptions caused by the Labor Day holiday.
The number of new requests each week for unemployment benefits has hovered around 450,000 the entire year, reflecting a weak recovery and a dearth of new jobs. Although the U.S. economy is growing slowly, most companies have not added to their payrolls.
As a result, the nation’s unemployment rate, now at 9.6%, remains stuck near a 27-year high. Unemployment is an even higher 16%-plus if the data included workers who can only find part-time jobs, or those who have given up looking for work.
The sluggish economy and high jobless rate have taken a toll on the Obama White House and Democrats in control of Congress. Republicans blame the president’s economic policies and are hoping to recapture one or both branches of Congress in the fall. Democrats argue their measures are working but just need more time given the severity of the recession.
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