Jobless Claims At Highest Level in 2012, GDP Unchanged, Obamacare Ruled Constitutional While EU Summit Silent, QE3 More Likely: Jobless Claims Remain At 2012 Highs Jobless claims news came in as no surprise to economic data watchers and remains at the highest levels of 2012 set in April at 386,000. The prior week’s reading was…
Forget “Grexit”, Jobless Claims Data Suggest June 2012 Could Be Worse Than May Unemployment Growth Of 69,000: Fed may move after Greek elections on Sunday. Americans are still finding it difficult to obtain employment. Unemployment insurance benefits rose last week which suggests the labor market won’t improve significantly anytime soon. While most people are focused…
Bernanke Elusive At Congress As Consumer Credit Hits 6 Month Low, June 2012 Jobless Claims Dismal, China Eases: Ben Bernanke didn’t give many clues as to whether he would like to implement QE3 or continue Operation Twist, as expected, when he spoke to Congress today. Bernanke did speak about the need for Congress to get…
