Jobless claims jump to nine-month high

More people filed new claims for unemployment benefits last week than at any time since November, providing additional evidence that the economic recovery has stalled and turning up the reelection pressure on incumbents.

Forecasters had expected the number of new weekly jobless claims to drop last week. Instead, claims jumped by 12,000 to 500,000, the third straight weekly increase and the first time in nine months that the half-million mark has been hit.

via washingtonpost.com

Posted via email from AndyWergedal

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