Thursday, December 1, 2011

Jobless claims rise 'UNEXPECTEDLY' last week of Nov, 2011-AP

12/1/11, "Weekly Jobless Claims Jump Back Over 400,000 Mark," AP via CNBC

"Claims for unemployment insurance unexpectedly rose last week, climbing past the psychologically important 400,000 mark as the jobs market showed signs of more weakness.

Weekly applications for unemployment benefits rose 6,000 to a seasonally adjusted 402,000, the Labor Department said Thursday. Applications had been below 400,000 for three straight weeks. ...

Most economists expect Europe to slip into recession soon. That would cool demand for U.S. exports and slow growth next year. "


via Drudge

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