Thursday, August 30, 2012

Jobless Claims Hold Flat; Spending Tops Income Gains

The number of Americans filing new claims for jobless benefits was unchanged last week, pointing to a labor market that was treading water.
Initial claims for state unemployment benefits were a seasonally adjusted 374,000, the Labor Department said on Thursday. The prior week's figure was revised up to show 2,000 more applications than previously reported.
The only reason they remained "flat" is due to the 73rd upward revision in 74 weeks.

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