"Initial claims for the week ending June 12 jumped by 12,000 to 472,000 and neared the recent May 14 peak of 474,000 claimants. The Briefing.com consensus expected claims to fall to 450,000.
These numbers do not reveal a strengthening labor market. Instead they suggest that businesses remain cautious about future consumer demand. Furthermore, the claims data fit the view that the recovery in the labor market will be a protracted one."
You mean not a V SHAPED ONE? How are we to sell the unsold homes, slow foreclosures, heal the economy, increase end demand..... without a significant recovery in the labor market...my SIMPLE ASS PREMISE>
D
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