Recovery questioned as jobless claims jump

 · Initial claims for unemployment benefits decreased by 14,000 to a seasonally adjusted 289,000 in the week ended August 2, the Labor Department said on Thursday. That was lower than the 300,000 new claims forecast by economists surveyed by The Wall Street Journal. Claims for the previous week were revised up slightly to 303,000.

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Home Business Another Jump in Jobless Claims. After nearly a year of a decline in jobless claims, it’s getting harder to dismiss the idea that the recovery wind for the labor market has.

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* U.S. jobless claims report unexpectedly strong NEW YORK, April 10 (Reuters) – wall street stocks tumbled on Thursday as investors exited technology and biotech shares, extending recent weakness.

"Continuing claims continue to be a problem," Cashin said. "Anything over 600,000 is not pleasant for this economy, and it continues to look like if we get a recovery it will be a relatively jobless recovery and that’ll be something we struggle with." In the bigger picture, Cashin sees 960 as a key resistance level for the Standard & Poor’s 500.

 · Partners of the unemployed should recognize the toll that unemployment has taken on them as well as their loved one. Self-care can be a tool to soothe its

To say the U.S. labor market’s path to recovery has been a journey of fits and starts would be an understatement, and this week, the Labor Department’s unemployment claims report reflected more.

Jobless claims jump points to slowing recovery.. While the surprise jump in initial claims for unemployment benefits was blamed on factors ranging from spring break layoffs to the introduction.

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First time unemployment claims took a flying leap this week. The jobless claims surged over 78,000 to a staggering 439,000 across the U.S. The government economists were expecting numbers in the 375,000 range. Many of the media are blaming this shocking increase on the Superstorm Sandy.

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