BLOGGER TEMPLATES Memes

Friday, December 12, 2008

New unemployment claims hit 26-year high



New claims for jobless benefits rose more than expected last week, exceeding even gloomy expectations for an economy stuck in a recession that seems to be deepening.

The Labor Department reported Thursday that initial applications for jobless benefits in the week ending Dec. 6 rose to a seasonally adjusted 573,000 from an upwardly revised figure of 515,000 in the previous week. That was far more than the 525,000 claims Wall Street economists expected.

Linkage here....


When is Bush going to take ownership for this mess he created?


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