Sociable

Thursday, October 14, 2010

Unemployment: Initial claims still moving sideways

Again for the labor market to start the recovery this figure needs to be in the low 300,000's.
Initial claims for unemployment aid rose by 13,000 to a seasonally adjusted 462,000, the Labor Department said Thursday. It was only the second rise in two months.
A separate report from the Commerce Department showed the trade deficit widened in August by 8.8 percent to $46.3 billion. The gap grew because of a 2.1 jump in imports, driven by demand for foreign-made semiconductors, generators and other types of industrial machinery Exports edged up a slight 0.2 percent
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