The troops are coming home... to joblessness!!!!Submitted by bigsurjune on Thu, 08/19/2010 - 09:46
The number: Initial jobless claims have surged to 500K. This is worse than expected, and establishes a clear negative trend. Several weeks ago, this number had seemed to stall out around 450K, but now that's just a memory, as the direction is definitely upward.