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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject4/3/2003 10:43:31 AM
From: TigerPaw  Read Replies (1) of 769670
 
New claims for unemployment benefits shot up last week to their highest point in nearly a year
usatoday.com

The pace of layoffs last week was worse than economists were predicting. They were forecasting claims to rise to around 410,000.

Economists say claims above 400,000 generally depict an extremely weak job market.

The four-week moving average of new claims also rose last week to 426,250. The moving average has been above 400,000 five straight weeks.
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