22 Oct
2009
Posted in: Blog
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The Horse Lives! Beat the Horse!

The jobless claims horse, that is.

Dow Jones reporting today that job loss claims were up again, and once again higher than expected.

From the report:

Weighing on stocks, the U.S. Labor Department said initial claims for jobless benefits rose by 11,000 to 531,000 in the week ended Oct. 17. The previous week’s level was revised from 514,000 to 520,000.

Economists surveyed by Dow Jones Newswires had expected only a slight increase of 4,000, with the report serving as another sign of tough times for the jobs market.

I thought we were on our way to recovery?  Why aren’t the job losses at least slowing?

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