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Thursday, July 21, 2011

Weekly Unemployment Claims Increase

I keep expecting -- hoping more than expecting I suppose -- that my pessimistic view of the labor market will be overturned by incoming data. So far, that hasn't happened:

Weekly Initial Unemployment Claims increase to 418,000

With the two political parties competing to see which party can cut the most from the deficit immediately and make things even worse, as Paul Krugman says, "The Serious People are determined to destroy all the advanced economies in the name of prudence."

    Posted by on Thursday, July 21, 2011 at 09:00 AM in Unemployment | Permalink  Comments (18)


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