Jobless Claims Jumped

The fundamentals of our economy are strong, says John McCain. Reuters, however, has a different story:

The number of U.S. workers filing new claims for jobless benefits jumped 34,000 last week, government data on Thursday showed, reflecting seasonal volatility typical at this time of year.

Initial claims for state unemployment insurance benefits rose to a seasonally adjusted 406,000 in the week ended July 19, from a revised 372,000 the prior week, the Labor Department said. It was the highest reading since late March.

So stop your whining.

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