Initial Jobless Claims Still Way Too High And Stagnant At 456,000
The Business Insider ^ | 6-10-2010 | Joe Weisenthal
Posted on Thursday, June 10, 2010 8:48:47 AM by blam
Initial Jobless Claims Still Way Too High And Stagnant At 456,000
Joe Weisenthal
Jun. 10, 2010, 8:30 AM
Another disappointing weekly report.
Initial jobless claims came in at 456,000, which was worse than what economists were looking for (at 448K), and more importantly initial claims are still stagnant, moored right around this 450K number.
For awhile the markets were ignoring this stagnation, but with last week's bad jobs report, suddenly it's back in focus.
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