Today’s news from the Labor Department is bad, but may not be as bad as it first appears. Initial claims for unemployment rose by 36,000 last week, well above the anticipated 4,000. Worse than that is the four week average, which ended its 20 week streak declines with an increase of 7,000. [...]
Continue reading...Wednesday, November 25, 2009
New claims for unemployment insurance fell last week to 466,000, the lowest mark since September of 2008. Even as new claims start to slow down, the unemployment rate continues to nudge upwards. Many economists continue to believe that unemployment won’t turn around until the middle of next year. There were other encouraging signs of [...]
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Thursday, January 21, 2010
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