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To: Oeconomicus who wrote (135265)11/29/2001 3:34:43 PM
From: GST  Read Replies (1) | Respond to of 164684
 
"The number of so-called continued claims rose by 301,000 to 4.02 million for the week ended Nov. 17, the biggest one-week jump in 27 years. The number of continued claims was at its highest level since Dec. 25, 1982, when it hit 3.82 million.

"Until we seen some convincing signs the rate of job losses has settled down, you have to be concerned about consumer spending going forward. If you are concerned about consumer spending it is hard to talk about recovery," said Anne Parker Mills, senior economist at Brown Brothers Harriman in New York."

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