Fallout from the Crash: Unemployment
May 11, 2010 at 18:49 PM EDT
Lost in the noise last week was the unemployment report. Weekend pundits gushed how we turned the corner. Have we? Art Cashin dissects it this morning: For the last eight weeks, Initial Unemployment Claims have averaged 450,000 per week. So, over the last four weeks [the month counted], 1.8 million people were laid off. How does that [...]
