Thu June 9, 2011
Jobless Claims Stayed High Last Week
There were 427,000 first-time claims for jobless benefits last week, the Employment and Training Administration just reported.
That's almost unchanged from the 428,000 of the week before and still well above the level — 375,000 or below — that we would typically see if job growth was strong.
Our friends at Planet Money explain the economic ups and downs over here.