Thursday, June 9, 2011

Jobless Claims Rise Again

Initial claims for state jobless benefits have been just reported, showing an increase of 1,000 to 427,000, according to the Labor Department, against forecasted claims of a drop to 415,000.
This is the ninth week in a row that first-time claims perched above 400,000.

Reuters: "Fueling concerns about job creation, the U.S. government said on Friday the U.S. unemployment rate ticked up to 9.1 percent in May while nonfarm employers added a paltry 54,000 workers to their payrolls.

Federal Reserve Chairman Ben Bernanke on Tuesday acknowledged the economy had slowed but offered no hint the central bank was considering more stimulus to boost growth".

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