US Jobless Claims at Six-Month High

The number of Americans filing new claims for unemployment have increased to a six-month high. Initial claims being reported are at 484,000. Not good for an already ailing economy.

However, the administration continues to push out bailout after bailout that will ‘bring them back from the brink’ as the President likes to say. And another way the Feds are keeping from the brink is that they will be buying their own debts.

jobless claims graph

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