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Thursday, September 23, 2010

First-Time Unemployment Claims Increase; Breaks A 5-Week Streak

Just two days ago, I wrote about the unemployment picture getting worse.

Today it was reported that first-time unemployment claims increased last week for the first time in five weeks.
Initial claims for jobless aid rose by 12,000 to a seasonally adjusted 465,000, the Labor Department said Thursday. Many economists had expected a flat reading or small drop.
As usual, the standard line: the numbers surprised the analysts.
Initial claims for jobless aid rose by 12,000 to a seasonally adjusted 465,000, the Labor Department said Thursday. Many economists had expected a flat reading or small drop.
As Warren Buffett said this past week: we are still in a recession.

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