Thursday, May 14, 2009

Employment in the US ain't getting any better




Highlights - initial claims for the week ended May 9, 2009
Initial claims for the week ended May 9 jumped to 637,000 from 605,000 in the prior week, while continuing claims through May 2 increased to another record high of 6.56 mln from 6.36 mln in the prior report.

The 4-week moving average for initial claims rose 5.3% to 630,500.

The 4-week moving average for continuing claims rose 3.2% to 6.34 mln.

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