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New claims for jobless benefits rise sharply

Thu, June 17, 2010

The newest jobless claim report indicates claims were the highest this week(472,000) over the past month. Some fear that hiring is lackluster and could slow the recovery. Economists were hoping for a better performance- most would like to see 425,000 or less a week. The Labor Dept. said private-sector growth was a concern with only 41,000 jobs in May. Census workers mainly accounted for the unemployment level to fall from 9.9% to 9.7%.

#1. Posted by Taylor on June 17, 2010

So who is to blame for this? Why is nothing improving?

#2. Posted by Michael Cortez on June 17, 2010

We can’t just expect a change over night.

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