The number of people filing for unemployment benefits hit a 26-year high last week, as the deepening recession forced more employers to cut jobs.
First-time claims for unemployment rose 5.4 percent, to 586,000 for the week ending Dec. 20, the Labor Department reported this morning. The last time claims were that high was Nov. 27, 1982. The four-week moving average, which is a less volatile indicator, rose to 558,000 from 544,250, also a 26-year high.
Food on the table, fuel in the heater and a roof over their heads may be the greatest gifts for many this Christmas season.
Good to keep things in perspective … good to make sure children understand that many men, women and children won’t have any ‘desired’ gifts this Christmas — they will be happy to have that roof over their heads, warmth so they don’t freeze to death, and food in their bellies… and that’s here in America as well as other areas of the world.
As the good book says, “Count your blessings” and as an old song says, “Count your blessings, name them one by one,
Count your blessings, see what God has done.
Count your blessings, name them one by one…count your many blessings, see what God has done.”
Here’s wishing everyone a very Happy Christmas!