Thursday, February 04, 2010

Thursday Is New Jobless Day

Surprise, it still isn't getting better.

Initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted 480,000 in the week ended Jan. 30, the Labor Department said on Thursday. That was above market expectations for 460,000.


Monthly jobs report comes out tomorrow. I'm hoping for a bad number (not bad reality, bad measurement), because it's probably the last chance for something to spur the powers that be into doing something...