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Recovery questioned as jobless claims jump

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First time unemployment claims took a flying leap this week. The jobless claims surged over 78,000 to a staggering 439,000 across the U.S. The government economists were expecting numbers in the 375,000 range. Many of the media are blaming this shocking increase on the Superstorm Sandy.

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Jobless claims jump by the most in almost 2 years The number of Americans applying for unemployment benefits jumped by the most in nearly two years last week.

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Jobless Claims Jump.. New claims for unemployment insurance shot up for the second week in a row, suggesting many U.S. workers are still suffering from an economy that is trying to claw its way.

Claims for jobless benefits remain near their highest level in a decade. Like other states, Florida decided during the economic boom of recent years to cut business taxes that pay for jobless.

Brusca does not think that continuing claims can stay at record levels for much longer, either. The economy fell quickly, and that should lead to a sharper recovery. unemployment report, due out.

Obama and his economic advisory team discussed how to grow exports, build infrastructure and increase the number of green jobs in the U.S. as ways to stunt unemployment claims and put people back.

WASHINGTON – Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November. It was the third straight week that first-time jobless claims rose.

Monday Morning Cup of Coffee: JPMorgan’s $13B mortgage settlement Monday Morning Cup of Coffee: JPMorgan’s $13B mortgage settlement A little bit of sanity, please Falling mortgage activity at banks could dampen 3Q earnings The 10-year yield is a closely-watched benchmark that influences all kinds of corporate and consumer borrowing costs, from auto loans to mortgages to credit card interest rates. higher rates can.Fannie Mae names winner of second.

“Unemployment claims have hit a 45-year low,” President Trump said during. The 0.9-point increase is a big jump – but not an unprecedented one. It’s toward the far end of the distribution curve of.

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