Posted in Insurance Articles by Anthony Thompson on August 20, 2010 No Comments yet
New statistics show more people are asking for unemployment insurance which means employers are continuing layoffs. Applications for unemployment benefits reached 500,000 last week which was the highest since November 2009. The number marked a 12,000 increase according to the Department of Labor. Statistics show that it was the fourth increase in five weeks, which some say is a sign of economic instability.
According to a report by the Associated Press, home building companies and construction firms seem to be laying off at higher rates since the homebuyers’ tax credit expired. Other large amounts of layoffs are coming from the public sector as states attempt to balance budgets. “
Tags: Insurance, Unemployment Insurance