Asian Stocks Fall as U.S. Jobless Claims Increase; Banks Decline
Asian Stocks Fall as U.S. Jobless Claims Increase; Banks Decline
Asian stocks fell and the regional benchmark index retreated from a two-year high after U.S. initial jobless claims unexpectedly increased, sparking concern about the strength of the world’s biggest economy.
Read more on BusinessWeek
Lost year for jobs
The number of people applying for jobless benefits and the high unemployment rate have essentially been static in that time, the latest data show. Numerous polls show voters blame President Barack Obama and his party for the slow economic recovery and the 9.6 percent unemployment rate — not much better than the 9.7 percent rate when the year began. Businesses are reluctant to raise the prices …
Read more on Albany Times Union
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