More Pain: Jobless Claims Up, Inflation Up, Recession Looms
Americans asked for more pain when they reelected Barack Obama…
And Obama’s going to bring it.
Jobess Claims Up: Applications for jobless benefits surged by 78,000 to 439,000 in the week ended Nov. 10, the most since April 2011
Inflation Up: Consumer prices rose slightly last month as higher rents and costlier food offset cheaper gas.
Recession Looms: The euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed on Thursday.