For months, it was treading water. That was bad enough. But now it’s rising, raising fears that it could go higher still. Today’s update on weekly jobless claims shows that new filings for unemployment benefits rose to 484,000 last week—the highest since February.
Daily Archives: August 12, 2010
GROWTH & DEBT, THE CHICKEN & THE EGG
Is high debt a drag on economic growth? Or is a recession born of other catalysts the source for high debt? Inquiring minds want to know.