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United States: US Jobless Claims Show Job Market Still Stagnant.
Section: General News - The latest information from the U.S. government shows American workers are still having a tough time finding jobs.
Thursday's report from the Labor Department says the number of Americans continuing to collect jobless benefits rose to a record high for a 16th week in a row - to almost 6.7 million.
The report also finds the number of first-time claims for unemployment benefits fell last week, by 12,000 to 631,000, a sign the pace of layoffs may have slowed.
Still, the U.S. Congressional Budget Office warned lawmakers Thursday that the job market will likely get much worse.
The CBO director, Douglas Elmendorf said the …
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