Jobless Claims Jumps To Highest Level Since Late November

Washington (AP) -- The number of laid-off workers filing claims for unemployment benefits nationwide shot up last week to the highest level since late November, but Tennessee saw an improvement.

The labor department reported that a total of 329,000 newly unemployed workers filed applications for jobless benefits, an increase of 10,000 from the previous week.

Tennessee bucked the trend with a drop in unemployment claims of nearly 3,200. The improvement is attributed to fewer layoffs in construction, service and manufacturing industries.

The increase in claims was led by Indiana where claims rose by nearly 10,000, a gain attributed to layoffs in autos and other manufacturing companies.

In other economic news, many of the Nation's big retail chains reported disappointing results from the holiday shopping season.

Copyright 2007 by the Associated Press. All rights reserved.


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