Apr 15th 2010 7:00PM
Hundreds of thousands of people lost their jobs and filed for unemployment last week. Officials processed claims at a seasonally-adjusted rate of 484,000 a week, up 24,000 from the week before, according to the Department of Labor. The rise in initial unemployment claims was the second in a row. Economists were surprised... Continue Reading »
Apr 8th 2010 11:55AM
The number of people who joined the unemployment lines went up again last week, and that's terrible news for housing. People filed initial unemployment claims at a seasonally-adjusted rate of 460,000 in the week ending April 3. That's an increase of 18,000 from the previous week's revised figure of 442,000. Even the... Continue Reading »
Apr 1st 2010 2:30PM
The number of initial unemployment claims has been falling steadily for about a month now, but the job market remains stubbornly weak. It's beginning to look like another Jobless Recovery, with a booming stock market, big Wall Street bonuses, and high unemployment. Even Treasury Sec. Tim Geithner is complaining about... Continue Reading »
Mar 25th 2010 12:30PM
The number of initial unemployment claims improved slightly last week, but the job market remains weak. It's one more indicator of a weak economic recovery. The stock market may be at its highest point since fall 2008 -- go figure -- but the number of initial unemployment claims is still too high to lend much support to... Continue Reading »
