Employment Is Still Very Weak
July 9, 2009 at 9:26 am · Category: Macro Economics, Market Commentary
Unemployment and many other labor measures are at their worst levels in decades.
- “Job Market Is Flashing Many Warning Signs” (subscription required), Mark Gongloff, The Wall Street Journal, July 9
Initial claims for jobless benefits fell to 565,000 for the week ended July 4, The Labor Department reported this morning. But initial claims are still especially high and almost 7 million are currently receiving unemployment benefits.
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