Stimulus Fail: First-time claims for jobless benefits hit highest number since February

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Recovery Summer Chart via Innocent Bystanders.

What ever happened to Recovery Summer?

AP reported:

First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. Analysts had expected a drop. That’s the highest total since February.

Instead of recovering, it looks like the job market has headed in the other direction.