More Americans than forecast filed first-time claims for unemployment insurance payments last week as the labor market struggled to improve.With the market in free fall, and oil plummeting in price, something tells me these unemployment numbers are not going to improve.
Applications for jobless benefits decreased 9,000 in the week ended Sept. 17 to 423,000, Labor Department figures showed today. Economists forecast 420,000 claims, according to the median estimate in a Bloomberg News survey. The average number of claims in the past month rose for a fifth straight week, to the highest level since July 16.
It will be interesting to see if price of gasoline at the pump drops proportionately.
No comments:
Post a Comment