CNN Money reports that, "The number of Americans filing for unemployment insurance for the first time jumped for the second week in a row, according to government data released Thursday.
There were 484,000 initial jobless claims filed in the week ended April 10, up 24,000 from an unrevised 460,000 the previous week, according to the Labor Department's weekly report." They went on to say that the experts were surprised by the jump.
But wait, we're on a roll, because we also set another record, this time in foreclosure actions.
According to Reuters and Fox Business, "U.S. home foreclosures actions spiked in March and set a quarterly record despite federal programs to combat the unrelenting pace that homeowners are defaulting on mortgages, RealtyTrac said on Thursday.
The government aid, intensified in late March, has so far failed to overcome the staggering effects of nearly double-digit unemployment and wage cuts on borrowers.
Foreclosure activity jumped 19% to a monthly record in March, driving first-quarter actions up 7% from the prior quarter and 16% from a year ago to a record of more than 932,000 properties."
Well, like we said, at least we're breaking records...
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