More than 450,000 Americans filed for first-time unemployment insurance last week, a discouraging sign ahead of the government's highly anticipated monthly jobs report due Friday.
The number of first-time filers for unemployment benefits surged to 457,000 in the week ended Oct. 30, up 20,000 from the week before, the Labor Department reported Thursday.
The number was higher than economists' forecasts of 445,000, according to consensus estimates by Briefing.com, and it fell in a range that analysts say points to continued weakness in the job market.
Thursday, November 04, 2010
And so the legend of Obamaville continues.
Posted by traderrob at 7:23 AM