Chart of the Day: New Unemployment Claims

From the Wall Street Journal: “New claims for jobless benefits unexpectedly surged last week to their highest level since last summer, according to data giving another sign of the economy’s struggle in creating jobs. Separately, U.S. productivity slowed in the first quarter as the economic recovery stumbled and labor costs started to rise again.”

Not good news. Chart below, modified from this.

Fact:

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