June 17 (Bloomberg) -- The number of Americans seeking jobless benefits last week unexpectedly rose to a one-month high, indicating firings are staying elevated even as the U.S. economy grows...
“The labor market is not improving,” said Steven Ricchiuto, chief economist at Mizuho Securities USA Inc. in New York. “If you really are going to have a sustainable recovery, you need the labor market to improve.”
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Comment: More than anything else does the US need a weaker dollar to achieve a recovery. Given the indebtedness of the US consumer, it is mainly only exports that could pull the US economy out of the slump.
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