Thursday, May 14, 2009

It helps to remember: unemployment is a lagging indicator...

... but still, this doesn't sound like good news for those trumpeting the recession's end:
New jobless claims show surprise jump to 637,000
14 May 2009
WASHINGTON (AFP) – New jobless claims by American workers rose to 637,000 in the past week, the Labor Department reported Thursday, in a sign of continued caution by US business in the face of a weak economy.
The figure was worse than the level of 610,000 new claims expected by private economists...

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