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A jobless recovery can't go on for long
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Issue
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| Contributor | Servo |
| Last Edited | Servo Sep 20, 2003 01:04pm |
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| Category | Opinion |
| News Date | Saturday, September 20, 2003 06:00:00 AM UTC0:0 |
| Description | When it comes to job losses, Main Street sees a glass half empty, Wall Street a glass half full.
Initial claims for unemployment, one indicator of how many people are working and how many are looking for work, rose to 413,000 for the week that ended Aug. 30, the U.S. Department of Labor said last week. That was 15,000 higher than the week before and a solid 20,000 above Wall Street expectations. And, thanks to the increase, the less volatile four-week moving average climbed back above 400,000 for the first time in five weeks. Many economists believe that initial claims must drop below 400,000 for the economy to be adding jobs |
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