First-time unemployment claims spike

Manufacturing News, Source : TheManufacturer.com
Published : 16 Sep 2004 16:31

Initial unemployment filings climbed significantly by 16,000, to 333,000, for the week ending September 11, the US Department of Labor reported today.

Florida and Michigan reported a drop in manufacturing-sector layoffs for the previous week ending September 4. In Florida, however, 1,716 unemployment claims were filed that week as a direct result of Hurricane Charley. Texas and Wisconsin reported a rise in manufacturing layoffs for that same week.

The current overall unemployment rate is 5.4 percent, reported earlier this month by the US Bureau of Labor Statistics.

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