Bush "boom" busts - jobless claims rise
Jobless claims rise again
New claims for unemployment benefits up a second straight week, exceeding analyst estimates.
December 11, 2003: 10:18 AM EST
NEW YORK (CNN/Money) - Jobless claims rose in the United States last week, the government said Thursday, coming in higher than Wall Street forecasts.
The Labor Department said 378,000 people filed new claims for state unemployment benefits in the week ended Dec. 6, compared with a revised reading of 365,000 the prior week. Economists, on average, expected 359,000 new claims, according to Briefing.com.
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After the so-called "tax-cut stimulus" has been spent, we are left with the largest federal deficit in history and more people unemployed than ever.