[lbo-talk] Jobless Claims Remain Above 400,000

[mike larkin]

"Weekly jobless claims climbed 3,000 to 422,000, their
highest level in two months. Claims remain well above
the 400,000 mark that economists have established as
the delimitation between an improving and
deteriorating job market. 

"The second consecutive claims figure substantially
above 400,000 last week is particularly discouraging.
The disappointing pickup in the pace of layoffs
reinforces the likelihood that the FOMC will continue
to emphasize the large amount of slack in the economy
and downside risks with respect to inflation," said
Jade Zelnik, chief economist at RBS Greenwich
Capital."

 
http://biz.yahoo.com/cbsm-top/030911/f3e99746a583a3d8909ace9aa1869d5a_1.html

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