Thursday, September 04, 2003
The Wecovery: More lucky duckies
AP:
[The Labor Department] said new applications for jobless benefits jumped by a seasonally adjusted 15,000 to 413,000 for the work week ending Aug. 30.
The rise propelled claims to their highest point since the week ending July 12 and pushed them above 400,000, a level associated with a weak job market. In the prior two weeks, claims managed to move below that threshold, raising hopes among economists that the pace of layoffs was slowing.
