Jobless Cliams Reach Highest Since May

John Ransom | March 05, 2015 3:09 PM

Well maybe just maybe the recovery is more like the one Prof. Plum Johnny Dean and I am experiencing and less like the one the economists tell us about. Jobless claims last week registered their highest reading since May of 2014. 320,000 claims were filed for the period from February 22 to the 28th. That 7000 more claims than the previous period. That means that whatever progress has been made in the job market over last year has essentially reversed itself. Jobless claims are now running about the same level as they were last year. Bad weather may have led to some layoffs and postpone some of the processing of previous employment applications. But whatever the reason 320,000 more Americans know now face unemployment.

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