484,000 Lose Jobs...DOW Soars over 11,000

[Book]

But there was still plenty of slack in the labor market. Initial claims for state unemployment benefits rose 24,000 to a seasonally adjusted 484,000. A Labor Department official attributed the spike to a backlog in applications during the Easter holiday and saw no unusual economic factors at play.

http://finance.yahoo.com/news/Jobless-claims-jump-in-rb-505686255.html?x=0&.v=1

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[Ponce]

In a dream world anything is possible.......a place where even lies becomes true.

Someone should wake up those poleticians.

[ximmy]

Cool.. lots of good news for us Americans..

"China recorded surprisingly strong annual growth of 11.9 percent in the first quarter"

"Although applications for jobless benefits surged last week, they were unlikely to derail the... jobs recovery"

"We are going to see improvement in jobs even though we saw a jump in jobless claims earlier today"

"Other indicators show the labor market is improving"