Unfortunately, the employment situation is deteriorating very rapidly. Tomorrow's non-farm payroll numbers and unemployment rate will most likely be horrible. Until employment stabilizes, the economy will continue it's depression like contraction-Lou
Jobless claims surge to 626,000, highest since '82
WASHINGTON (MarketWatch) - The number of new claims for state unemployment benefits surged to their highest level since 1982, the Labor Department reported Thursday, a sign that the U.S. labor market is deteriorating at a rapid rate.
Initial jobless claims rose 35,000 to a seasonally adjusted 626,000 in the week ended Jan. 31. This put the number at the highest level in 26 years.
Read Article Here:
http://www.marketwatch.com/news/story/Jobless-claims-surge-highest-level/story.aspx?guid=%7B215AFEAD%2D1798%2D4EF1%2DB08F%2DB2857FECD580%7D
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment