Americans who are filing for unemployment has hit an all time high, after hurricane Katrina in 2005. The Number of jobless claims rose by an astounding 38,000 to an outrageous 407,000 people who are unemployed. The biggest housing recession, in almost a century, is causing companies to let go of their workers in order to meet their own financial needs. The radical increase in jobless claims comes a day before the governments, March employment Report. Economists surveyed by Briefing.com expect that report to show a decline of 50,000 jobs. Michigan saw the biggest drop, with first-time claims falling 7,660 due to fewer layoffs in the automotive industry.