Jobless claims increased by 4,000 to 352,000 claims from 348,000 claims for the prior week, according to Thursday's jobless claims report.
A bigger-than-expected drop in jobless claims might mean the employment picture isn't as bleak as thought. But retail sales disappointed, and consumer sentiment is still gloomy.
Jobless claims declined by a notable 42,000 to 346,000 claims from 388,000 jobless claims for the prior week.
Most Social Security experts, no matter their political persuasion, know that Social Security must be redesigned, Gleckman writes. With President Obama proposing to change the way government adjusts Social Security benefits, why not redesign it now?
Americans are starting to feel the pain from the sequester's $85 billion in federal spending cuts between March and September 30, Reich writes. They just don’t know it yet.
Companies won’t hire if consumers aren’t buying enough to justify the new hires, Reich writes. And consumers don’t have enough money, or credit, or confidence to buy enough.
Unemployment declined to 7.6 percent in March, according to the Bureau of Labor Statistics. Total unemployment, including marginally attached workers, declined to 13.8 percent.