From Bloomberg:
Layoffs continue at a rate not consistent with a recovering jobs market. Initial claims rose 12,000 in the June 12 week to 472,000 with the prior week revised 4,000 higher to 460,000. The four-week average slipped slightly to 463,500 but is still about 10,000 higher than this time last month which points to another disappointing monthly employment report.
Here's the chart of data:
This number has been moving sideways for most of 2010. This is not a good chart -- any improvement has long-since stalled.
