Unemployment Claims Hold Steady at Recessionary Levels

If you’ve recently lost your job, you’re not alone. Recent statistics from the Department of Labor on the level of weekly unemployment compensation claims reveal that the job market is a basket case these days, and that unemployment levels are soaring.

On August 7, the Labor Department announced that new applications for unemployment claims rose to 455,000-the highest level since March 2002. Although the number of new claims announced on August 21 fell to 432,000, claims have been above 400,000 for some time now, a level that most economists consider to be an indicator of recession.

If you’re one of the thousands of Americans who have recently lost their jobs, you don’t have to be just a statistic. Contact one of our employment attorneys to see if we can help you.