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Jobless claimsThe employment data is in for April, and it is not a pretty picture, as all but 6 states in the country saw increases in the number of jobless claims.

We all hope that Federal Reserve Chairman Ben Bernanke is right, and the economy is going to start to turn around in the latter part of this year, but even the most optimistic forecasters agree that unemployment is going to continue to rise, possibly above 10% before the worst is over.

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Unemployment continues its rise in April originally appeared on BloggingStocks on Tue, 26 May 2009 17:00:00 EST. Please see our terms for use of feeds.

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