Weekly Jobless Claims Reach Eight Month High
Weekly Jobless Claims Reach Eight Month High
The number of people who filed new applications for jobless benefits (also known as unemployment benefits) had made a turn in the wrong direction. This week the jobless claims increased by 43,000 to a seasonally adjusted 474,000 for the week.
The Labor Department claims this surprise jump in jobless claims is due to Spring Break even though this is a seasonally adjusted number.
Are we sitting on top of the fence of another recession?
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