Number Filing For Unemployment Rose Sharply Last Week

The Labor Department has released its statistics for the week ending December 5th. It shows that 853,000 workers filed for unemployment benefits last week. That's nearly a hundred thousand more than filed the previous week.

The economy continues to get worse for everyone but the rich. Meanwhile, Trump and McConnell twiddle their thumbs and do nothing!

Here is the official Labor Department statement:

In the week ending December 5, the advance figure for seasonally adjusted initial claims was 853,000, an increase of 137,000 from the previous week's revised level. The previous week's level was revised up by 4,000 from 712,000 to 716,000. The 4-week moving average was 776,000, an increase of 35,500 from the previous week's revised average. The previous week's average was revised up by 1,000 from 739,500 to 740,500.