The number of U.S. workers drawing state unemployment benefits scaled another record high early this month, according to government data on Thursday that highlighted the difficulties of getting new jobs in the recession-hit economy650,000 new jobless each week is not good, and with a staggering 5.47 million people on benefits now, it's just getting worse. 4.1% of American workers are now on benefits, the worst since June of '83.However, the number of people filing new claims for jobless benefits fell to a seasonally adjusted 646,000 in the week ended March 14, the Labor Department said, still at levels consistent with a distressed labor market. The prior week's number was revised up to 658,000 from 654,000.
Analysts polled by Reuters had forecast 652,000 new claims.
It will continue to get worse for a long, long time.
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