Hope for an economic recovery has dwindled after the Labor Department released its weekly jobless claims on Thursday, which totaled 1.4 million – an increase over the previous week’s 1.3 million claims.
As The Washington Examiner (full disclosure: my former employer) reported, this was the “first weekly increase in jobless claims since the end of March, when new applications peaked at 6.9 million, a troubling sign of danger for the economic recovery.”
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