Jobless Claims Up

Getty
Getty

Initial unemployment filings rise 10K to 418K for the week.

Essential reading: Wall Street Journal on big firms cutting jobs.

The job situation will likely get worse in the short term if there is no debt deal. But a deal -- which will of course include major spending cuts -- is just as likely to also make the employment situation worse as it is to make it better. The best thing for the country would be a bipartisan pact -- quickly followed by another round of deal making focused on job creation.
Related Topics: Jobs

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