Initial Jobless Claims Rise By 17,000

Initial jobless claims have risen again. This week by 17,000. Oh, and of course, the numbers reported last week were revised upward.

The Labor Department said Thursday that first-time jobless claims rose 17,000 to a seasonally adjusted 361,000 in the week ended Dec. 15, versus a slightly upwardly revised 344,000 in the prior week.

Update: I don’t have a link but I just heard that sales are down in stores this holiday season.