Unemployment Claims Send Another Worrisome Note

Despite some signs of economic revival, the outlook for American workers remains treacherous, with layoffs continuing to claim hundreds of thousands of jobs a week.

The weekly figures on unemployment claims from the Labor Department on Thursday showed no relief, reflecting what Michael Gapen, chief U.S. economist at Barclays, said was “a transition to a slower pace of recovery, and one that will be more uneven.”

The department reported that more than 857,000 workers filed new claims for…

Read Full Article

LEAVE A REPLY

Please enter your comment!
Please enter your name here