Jobless claims jump while consumer numbers fall
New jobless benefits claims jumped 12,000 this week, bringing the total to 472,000, according to the Labor Department. This comes amid fears of deflation after consumer prices fell for a third straight month. The Wall Street Journal’s Kelly Evans joins The Takeaway to explain the significance of these numbers, and to tell us whether or not they’re a harbinger of a “double-dip” recession.
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