U.S. Jobless Claims Hover at Pre Recession Levels
Posted in the Minneapolis Forum
Since: Apr 12
#1 Apr 17, 2014
(Reuters)- New applications for unemployment benefits held near their pre-recession levels last week, offering further evidence of the economy's underlying strength.
Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. They stayed close to a 6-1/2 year low touched the prior week.
Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 315,000.
U.S. Treasury yields hit session highs on the data, while stock index futures and the dollar were little changed.
Saint Paul, MN
#2 Apr 17, 2014
Well, I would expect so. When you hand out free stuff left and right, why work?
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