Nothing To Do, Nowhere To Go 0
In a follow-up to the preceding post, another form of Wall Street derivative. For all practical purposes, no change from last week.
Initial jobless claims increased by 12,000 to 465,000 in the week ended Sept. 18, Labor Department figures showed today in Washington. The total number of people receiving unemployment insurance declined, while those getting extended payments rose.
Employers that have slowed firings since the recession ended in June 2009 haven’t stepped up the pace of hiring enough to reduce an unemployment rate hovering near a 26-year high. A lack of job growth may signal consumer spending will be restrained in the second half of the year, economists said.
