Trend in jobless benefit claims sends recession warning

[staff]

Trend in jobless benefit claims sends recession warning
      


Continued claims for U.S. unemployment insurance — a crucial gauge of the labor market — rose last week to 2.81 million, the highest in two years, when Hurricane Katrina caused a short-lived spike in the number of jobless. The current upward trend in continuing claims has been underway for the last 18 weeks — the [...]
         

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