Charting Stocks

Job losses in the US are accelerating at a frightening pace. First-time applications for state unemployment benefits for the week ending Feb. 21 rose 36,000 to a seasonally adjusted 667,000. The level of initial claims is  up 86% from the same period in the prior year. For the week ending Feb. 14, the number of [...]

First-time claims for state unemployment benefits spiked last week to 626,000, the highest level in over 26 years. The number rose by 35,000 from the previous week.
The number is sharply above Wall Street’s expectations of 580,000. 2009 Should may to be a record year for job losses.