Thursday, May 31, 2012

Jobless Claims Rise For Fourth Straight Week

Obama's recovery!

New U.S. claims for unemployment benefits rose last week for the fourth straight week, which could heighten concerns the labor market recovery is softening.
At the same time, a second reading on U.S. gross domestic product showed the economy expanded at an annualized rate of 1.9% in the first quarter, in line with economists' estimates, but slower than an initial estimate of 2.2%.
All this for only 5 trillion dollars.

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