More Americans than forecast applied for unemployment insurance payments last week, another sign the labor market is struggling to improve.
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Claims for jobless benefits unexpectedly climbed by 6,000 to 386,000 in the week ended June 9 from a revised 380,000 the prior week that was more than first estimated, Labor Departmentfigures showed today in Washington. Economists projected claims would fall to 375,000, according to the median estimate in a Bloomberg News survey.
A pickup in dismissals may raise concern the labor market will have trouble rebounding after a slowdown in job creation in the past four months. Weaker economic growth and a lack of clarity about the business environment may discourage companies from hiring at a pace needed to speed up the expansion.
Liberal Spin: People are re-entering the job market because they Obama said the private sector is fine.....or their 99 weeks of unemployment benefits have run out.
Thomas Sowell: There are no solutions, just trade-offs.
Martin Ent Inc wrote: He just made a funny,,, like the rest of his term has been.
But not funny in a "ha ha" kind of way...
I can explain it to you but I can't understand it for you.
"Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian." - Henry Ford
Corruptissima re publica plurimae leges; When the Republic is at its most corrupt the laws are most numerous. - Publius Cornelius Tacitus
