December 1, 2011

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Weekly Jobless Claims Jump Back Over 400,000 Mark. “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. . . . Applications would need to stay below 375,000 consistently to push down the unemployment rate significantly. They haven’t been at that level since February.” Unexpectedly! And note that, as usual, the previous week’s number was revised upward.