Job Market Weak, Still!

Hard to have economic recovery if there are many “consumers” without a job.

This is the 11th straight week with initial claims above 400,000, and the 4-week average is at about the same the level as in January. This suggests the labor market weakness in May continued into June.

via Calculated Risk: Weekly Initial Unemployment Claims increase to 429,000.

About Stephen E. McGaughey
International consultant in economic development programs and projects

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