Thursday, April 23, 2009

Jobless Claims Bounce Higher

According to CNNMoney: 640,000 initial claims last week, a record 6.14 million of initial claims for unemployment insurance, and 5.94 million continuing claims. Unemployment rate is at a 25-year high of 8.5% and the nation has lost 5.1 million jobs since the beginning of 2008. Scary stuff.

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