Jobless claims surge
Government says 637,000 people filed for first-time unemployment benefits last week. Continuing claims at all-time high for 15th week in a row.
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By Ben Rooney, CNNMoney.com staff writer
May 14, 2009: 8:42 AM ET

NEW YORK (CNNMoney.com) -- The number of people filing initial claims for unemployment benefits rose more than expected last week, while the number of people filing claims on an ongoing basis rose to a record high for the 15th straight week, according to a government report released Thursday.

A total of 637,000 people filed new claims for jobless benefits in the week ended May 9, said the Labor Department. That's up 32,000 from an upwardly revised 605,000 in the previous week.

Economists surveyed by Briefing.com had forecast 610,000 initial claims.

The 4-week moving average of initial claims, which smoothes out volatility in the measure, rose 6,000 to 630,500.

In the week ended May 2, the most recent data available, 6,560,000 continuing claims were filed. That's the highest number since the Labor Department started tracking the data in 1967 and an increase of 202,000 from the previous week. To top of page

very very bad.... all the investor thought that .... market is bottom out. look like us still far away from recovery...

very bad... what do you expect...

1% only, what flying is that???

big trap.........????

earn peanut also banyak banyak susah...

what happen... why so red... banyak susah ni......

more and more try to cut lost...?

H1N1 cause the sell off?

look like, really worth to lost 1.5 k yesterday...

genting resort drop kuat kuat....

forget about the U.... EPF is selling KNM....

sharks already fat fat... they average price very low.. sell now still gain profit

today.... anyone got steel balls to go in???

when Air airsia with hit 90 sen again???

commerz loh

maybank

my lovely mulpha...... down more

no work lah, this time.....what ever you bought also end with losing money

congratulation ya........ i enter the market in September 2007,almost end of the bull. if i that time i using average down strategic, sure till now still stuck with paper lost. let said i bought Genting RM 9, then after that i buy more 8, 7, 6, 5, 4 , 3........ genting drop from early 2008, drop drop drop, only until 2009, it rebound. Do we have so much capital to average down..... Well what i can said, u very lucky, only buy in after the crash. for me, cut lost also very important...