Topic: Decline of the West
Here's evidence that the euphoria produced by last month’s decline in the unemployment rate is unlikely to last long: “U.S. jobless claims rise sharply to 6-week high”
The story, from Reuters, goes on to say that the number of Americans applying for first-time jobless benefits jumped to 399,000 last week. That reverses a recent trend in which first-time claims were inching down. Reuters also notes that some economists believe that the recent decline in the unemployment rate was caused by discouraged people dropping out of the labor market altogether.
Told you so, didn't I?
Posted by tmg110
at 4:21 PM EST
