Thursday, June 21, 2012

Economy: Jobless Figures Also Look Bad

More Americans than forecast filed applications for unemployment benefits last week, indicating the labor market continues to struggle.
Jobless claims decreased by 2,000 to 387,000 in the week ended June 16, Labor Department figures showed today in Washington.
The median forecast of 45 economists surveyed by Bloomberg News called for 383,000. The four-week average, a less volatile measure, climbed to the highest of the year.
The level of dismissals may raise concern the slowdown in payrolls reported in the past few months will be prolonged, limiting consumer spending.

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