Thursday, June 17, 2010

New jobless claims take surprise jump + Consumer prices - Wholesale prices - drop for 2nd straight month

[mEDItate-OR:
think that everything has gotten better, in every way, every day...
 
Even if you HAVE lost your job, now you can feed your family...
assuming they are still with you...
for less.

These three reports/chart are NOT good news.

We are, in fact, falling back into a recession/depression.

Congress has decided that U.S. cannot afford to assist you, any more.

"Let them eat cake!!"..., it's now cheaper than it was.

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New jobless claims take surprise jump
Claims rise to highest level in a month, showing hiring remains spotty
 
 
The number of people filing new claims for jobless benefits jumped last week after three straight declines, another sign that hiring remains weak.
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Consumer prices drop for 2nd straight month
Biggest decline since prices plunged 0.7 percent in December 2008

Consumer prices fell for the second straight month, extending a break for Americans' pocketbooks. Less expensive energy bills were the main factor pulling down prices.
 
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Wholesale prices fall for second straight month
Absence of inflationary pressure means Fed can keep rates low
 
Wholesale prices fell for a second straight month in May, the first time that has happened in a year, reflecting big declines in the cost of energy and food.
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