Don't worry. Bernanke's 40 billion per month will help unemployment . Nottt.
More Americans Than Forecast Filed Jobless Claims Last Week
More Americans than forecast filed applications for unemployment benefits last week, adding to concern the labor market is slackening. Jobless claims decreased by 3,000 in the week ended Sept. 15 to 382,000, Labor Department figures showed today in Washington. The median forecast of 49 economists surveyed by Bloomberg projected 375,000. The presidential election and looming tax increases and government spending cuts slated to take effect next year, should lawmakers fail to act, may block any pickup in hiring following last month’s smaller-than-projected gain in payrolls. The Federal Reserve last week undertook a ... (full story)