[Guest post by DRJ]
Jobless claims rose ___ [join me in filling in the blank] last week:
“The number of Americans seeking jobless benefits last week unexpectedly rose to a one-month high, indicating firings are staying elevated even as the U.S. economy grows.”
The experts explain why this isn’t good news, although we non-experts have a good idea why more jobless Americans is a bad thing:
“The labor market is not improving,” said Steven Ricchiuto, chief economist at Mizuho Securities USA Inc. in New York. “If you really are going to have a sustainable recovery, you need the labor market to improve.”
I guess this means June’s numbers won’t look that good either.