Jobless Claims Up

In case you missed this today: U.S. weekly jobless claims rise:

“The number of Americans seeking first-time jobless benefits jumped unexpectedly last week as the impact of recent hurricanes battering the Southern United States continued to be felt.

For the week, first-time claims rose to 369,000 for the week ended Sept. 25, from 351,000 the week before.”

Not good at all. We’re a big country — lots of people lose jobs and find jobs each week. Brad DeLong has said that approx. 350,000 is a break-even level for our economy — anything higher than 350,000 means the overall economy is losing jobs.

They say this is beause of the weather in Florida, and it may be. But that’s still a lot more people who have lost jobs than are finding them.

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