Today’s Jobless Claims Provide Glimmer of Hope for Economy
By: Marc Ransford— Muncie, IN—Today’s initial jobless claims provide the first glimmer of hopeful economic news in weeks, says Michael Hicks, director of the Center for Business and Economic Research at Ball State University. Though the initial claims were very high, at 5.2 million, this is a deceleration from last week’s 6.6 million, he said. Since March 14, the total number of Americans who have filed initial jobless claims is around 22 million, or about 13.5% of the labor force,…
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