Markets Take Hit After Jobless Claims Rise

Friday, August 20, 2010

Financial markets took a hit yesterday after jobless claims rose to their highest level since last November. The jobless claims were up 12,000 from the prior week, which indicates that the claims are at 500,000. This increase is feeding concern that the economy is starting to slow down again. Louise Story tells us whether this is yet another looming sign of the feared double-dip recession. 

Produced by:

Noel King

Contributors:

Louise Story

Comments [1]

Hal (GT)

I was watching yesterday with the free app http://www.learcapital.com/exactprice which tracks gold's spot price in markets globally in real time and when this data hit the market gold took off.

Was pretty interesting to watch. It's down some today though.

Aug. 20 2010 04:30 PM

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