as a weekly practice I listen to npr and do a little sketch on one of the stories. take a look, you can click on the illustration to make it bigger!
Thursday, February 19, 2009
Jobless Rolls Swell To More Than 6.5 Million
The number of Americans receiving unemployment benefits spiked at a record of more than 6.5 million in the second week of February, but first-time requests for assistance remained steady. Initial claims for state unemployment insurance benefits were a seasonally adjusted 627,000 in the week ended Feb. 14. That was the same as the upwardly revised number for the previous week, the Labor Department reported Thursday.
Although the figure was unchanged, it hovered near the 631,000 claims filed three weeks ago. That was the highest weekly tally since October 1982, although the work force was much smaller in that era. It was also more than the 620,000 claims most economists had expected. The number of people remaining on the benefits rolls after drawing an initial week of aid surged 170,000 to 4.9 million in the week ended Feb. 7, the most recent week for which the data are available. That was the highest reading on records dating back to 1967.
The Walt Disney Co. said Thursday it was laying off an unspecified number of workers amid falling revenue. On Wednesday, Goodyear Tire & Rubber Co. said it will cut nearly 5,000 jobs. General Motors Corp. has said it will cut 47,000 jobs globally by the end of the year and Chrysler is set to cut 3,000 more jobs.
-excerpt from NPR