Thursday, August 20, 2009

Steve Kagen's Stimulus Vote On Jobs

Seems like Steve Kagen, Dave Obey, Barack Obama (insert name of your choice) stimulus bill is not working. Anyone else notice. Wonder how the stock market opens?



From Yahoo
"U.S. jobless claims unexpectedly rise

* On Thursday August 20, 2009, 8:54 am EDT

WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, a government report showed on Thursday, fanning worries of an anemic recovery from the worst recession in 70 years.
Reuters - Attendees at a job fair line up to gather information about a prospective employer in a Washington hotel, ...

Reuters - Attendees at a job fair line up to gather information about a prospective employer in a Washington hotel, ...

Initial claims for state unemployment insurance benefits rose 15,000 to a seasonally adjusted 576,000 in the week ended August 15 from 561,000 the prior week, the Labor Department said. Analysts polled by Reuters had forecast new claims slipping to 550,000 last week from a previously reported 558,000.

"I think that we're hoping for the numbers to stay below 600,000, and not until we get below 500,000 can we be more certain that there is an economic recovery," said Linda Duessel, market strategist at Federated Investors in Pittsburgh." U.S. jobless claims unexpectedly rise - Yahoo! Finance


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