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Thursday
Nov042010

Applications for Jobless Benefits Rise

Photo Courtesy - Getty Images(WASHINGTON) -- The number of Americans applying for jobless benefits jumped significantly, for the second time in four weeks. The number stands at 457,000 initial unemployment claims for last week, which is a 20,000 increase from 437,000. 

The Wall Street Journal's Simon Constable tells ABC News that, "It just shows that there is a lot of turbulence out there and if you've got a job you've got to keep a hold of it and if you haven't got one, it's very hard to get a new one."  These numbers are evidence that companies are still hesitant to expand their staffing.

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