Jobless Claims Inched Higher Last Week
June 09, 2011 at 11:29 AM EDT
If you’re inclined to optimism, you can argue that today’s update on initial jobless claims isn’t signaling a new recession after all. True, new filings for jobless benefits rose slightly last week by 1,000 to a seasonally adjusted 427,000. That’s still too high to encourage forecasts of robust growth in either the labor market or [...]
