Jobless Claims Data Shocks the Market
May 20, 2010 at 10:13 AM EDT
Today’s update on last week’s new jobless claims is discouraging, and not only because filings jumped by a hefty 25,000 for the week through May 15. As the chart below shows, new claims for unemployment turned up last week to 471,000, the highest since early April and in the upper range that’s prevailed so far this [...]