Another Disappointment: 480,000 New Jobless Claims

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Economists had been looking and hoping for about 458,000, so today’s continuing claims number of 480,000 is a disappointment.

It’s also up 8,000 from last year.

Anyway, the big number is tomorrow, when the unemployment rate comes out. Analysts are looking for 10.0% on the button.

Dow futures are now off by about 90 points.

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