Financial Times FT.com

US jobless claims surge to 26-year high

By Alan Rappeport in New York

Published: December 11 2008 15:23 | Last updated: December 11 2008 18:27

The number of US workers claiming unemployment benefits reached a 26-year high last week as job losses and hiring freezes gripped the slowing economy, according to data released on Thursday by the labour department.

New claims for state unemployment benefits jumped by 58,000 to 573,000 last week. That number was last exceeded in 1982 when 612,000 made initial claims.

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