Yup, the economy may not be technically in a recession, but to many that’s not much comfort:
The Labor Department reported Thursday that claims for unemployment benefits rose by 35,000 to 380,000. Private economists had expected claims would rise by a smaller 18,000.
The report on jobless claims came a day ahead of a report on unemployment for April. Economists expect that report will show that the unemployment rate edged up to 5.2% in April, from 5.1% in March. The economy is expected to lose 70,000 jobs, the fourth straight month of job losses
