Still hemorrhaging jobs:
The number of people filing initial claims for unemployment benefits rose more than expected last week, while the number of people filing claims on an ongoing basis rose to a record high for the 15th straight week, according to a government report released Thursday.
A total of 637,000 people filed new claims for jobless benefits in the week ended May 9, the Labor Department said. That’s an increase of 32,000 from an upwardly revised 605,000 in the previous week.
I guess we can throw “Sure, we are losing jobs but at least the rate of job losses slowed” out the window. Anyone who uses the phrase “green shoots” should be viewed as a lunatic.