Claims rise to highest level in a month, showing hiring remains spotty
WASHINGTON - The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that the pace of layoffs has not slowed.
Initial claims for jobless benefits rose by 12,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. It was the highest level in a month and overshadowed a report that consumer prices remain essentially flat.
First-time jobless claims have hovered near 450,000 since the beginning of the year after falling steadily in the second half of 2009. That has raised concerns that hiring is lackluster and could slow the recovery.
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What recovery? Those numbers are non-sense.
ReplyDeleteThere is no recovery going on. The Bush tax cuts expire in JAN 2011 which is causing people and businesses to move as much 2011 income into 2010. Reported income next year is going to be horrible. Nothing has been done, is being done, and will be done to create private sector jobs under the current Administration and Congress.
ReplyDeleteSurprise jump? Who is surprised, except maybe the idiot government economists?
ReplyDeleteTotally agree with Al in Fenwick. I'm not suprised at the lackluster numbers, nothing has been done by this administration. And he's on point about companies pushing income into 2010 to avoid soon-to-be re-enstated taxes come Jan. 1st 2011.
ReplyDeleteThis kind of information is very limited on internet. Nice to find the post related to my searching criteria. I just hope the government will act as soon as possible.
ReplyDelete