Markets take hit as jobless claims rise

The World

Financial markets took a hit yesterday after jobless claims rose to their highest level since last November. The jobless claims were up 12,000 from the prior week, which indicates that the claims are at 500,000. This increase is feeding concern that the economy is starting to slow down again. Louise Story tells us whether this is yet another looming sign of the feared double-dip recession.

Invest in independent global news

The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!