Disappointing Jobless Claims
June 23, 2011 at 14:01 PM EDT
Not good, not good. Initial jobless claims popped higher by 9,000 to a seasonally adjusted 429,000, the Labor Department reports. previous week’s claims were also revised up by 6,000 to 420,000. The surge in new claims in April has subsided, but the message seems to be that it’s subsided to a relatively elevated level vs. [...]
