More people applied for jobless aid last week- AP
"More people applied for unemployment benefits last week after retailers shed temporary holiday employees. The Labor Department said Thursday that the number of people seeking benefits jumped by 35,000 to a seasonally adjusted 445,000 for the week ending Jan. 8."
There were OUTFLOWS from equity funds first week of 2011 over $4B.....and Bonds got some inflow....is anyone asking WHO is buying? we know who
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Weekly jobless claims up more than expected.the number of workers continuing to filing claims for unemployment benefits topped 6.1 million.Economists had expected initial claims in the week ended January 8 to fall to a seasonally adjusted 405,000. The four-week average of new claims rose 5,500 to 416,500.this is not good...
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