New job numbers to come out Friday

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kvue.com

Posted on August 20, 2010 at 6:39 AM

Updated Friday, Aug 20 at 11:38 AM

New numbers are to come out on layoffs Friday morning, and it is almost certain they will not be good because new claims for unemployment benefits are on the rise again.

That follows Thursday's dismal report about unemployment benefits. Initial claims rose 12,000 last week to a half million. That is the highest level since November.

The spike in unemployment is a sign private employers may shed jobs this month for the first time this year.

 

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