Thursday, April 16, 2009

Initial jobless claims decrease, but unemployment still growing...

Initial jobless claims decreased from 663,000 in the week ending April 4th to 610,000 in the week ending April 11th. This is still not quite a strong sign for the economy. The national unemployment rate is still growing from its already very high rate of 8.5%. Areas like Michigan are even doing worse with unemployment rates of over 12%. Within the United States there are over 6 million unemployed workers, which is the highest total in the nation's history.

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