The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.
Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.
Story Here.
p.s. Obama's stimulus is one year old yesterday...did anyone think increased government control of the markets was going to work? Please. Prediction - Inflation will increase, jobless rate will increase, until government decreases. Just wait and see.
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