Welcome to Milwaukee Live

Thursday, April 23, 2009

Obama's Stimulus not Saving Jobs

(CBS/AP) New jobless claims rose more than expected last week, while the number of workers continuing to filing claims for unemployment benefits topped 6.1 million.

Both figures are fresh evidence layoffs persist amid a weak job market that is not expected to rebound anytime soon.

The Labor Department said Thursday that initial claims for unemployment compensation rose to a seasonally adjusted 640,000, up from a revised 613,000 the previous week. That was slightly above analysts' expectations of 635,000. - CBS News Story

No comments: