Nothing To Do, Nowhere To Go 0
For all practical purposes, this is no change from last week:
Supply-chain disruptions from Japan’s March earthquake, European default concerns and gasoline prices that neared $4 a gallon prompted some companies in recent weeks to fire workers, further weighing on the consumer spending that makes up two thirds of the economy. Economists surveyed by Bloomberg forecast the Labor Department will report tomorrow that the unemployment rate in June held unchanged at 9.1 percent.
The decrease in persons receiving extended benefits is meaningless, as many persons are still unemployed but are aging out of benefits into destitution.
