Jobless claims jump unexpectedly to 16-year high
The government said new applications for jobless benefits rose to a seasonally adjusted 542,000 from a downwardly revised figure of 515,000 in the previous week. That's much higher than Wall Street economists' expectations of 505,000, according to a survey by Thomson Reuters. Full Story »
Posted by Chris Finnie
I don't see how anyone could NOT expect major unemployment given the end of Real Estate Madness and its accompanying construction boom.