Continuing jobless claims surge to record 5.5 million


It's a good thing the U.S. Federal Reserve has decided to broaden or expand its quantitative easing policy, because continuing claims continue to 'expand' as well.

Continuing claims surged 185,000 to a record 5.47 million, the U.S. Labor Department announced Thursday, as more Americans found it hard to find comparable employment amid the nation's worst recession since 1981-82 Reagan recession.