Update: The Rickster: Market Mover Thursday: Weekly Jobless Claims…continuing claims rise to 6.662 million…

Heeeere’s Rickster, telling it like it is:Vodpod videos no longer available.

Data is in, weekly slightly lower but the continuing claims are still climbing:

Rick Santelli had a great segment this morning on this BS rally built on absolutely nothing, will get it up asap…

CNBC:

The number of U.S. workers filing new claims for jobless aid fell 12,000 last week, Labor Department data showed on Thursday, while so-called continued claims rose to a fresh record as the recession battered employment.

Initial claims for state unemployment insurance benefits declined to a seasonally adjusted 631,000 in the week ended May 16 from a revised 643,000 the prior week, the Labor Department said…

..The number of people staying on the benefits roll after drawing an initial week of aid increased by 75,000 to a more-then-forecast 6.662 million in the week ended May 9, the most recent week for which data is available. Analysts estimated so-called continued claims would be 6.65 million..

May 21, 2009. Tags: , , , , . Economy, Labor Department, Music, Politics, Uncategorized, Unemployment Statistics, Wall St.

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