"While the surprise jump in initial claims for unemployment benefits was attributed to factors ranging from spring break layoffs to the introduction of an emergency benefits program, economists said it corroborated reports this week indicating a loss of momentum in job creation.
New claims for state jobless benefits rose 43,000 to a seasonally adjusted 474,000, the highest since mid-August, the Labor Department said on Thursday. Economists had expected claims to fall to 410,000."
In 1932, the U.S. was three years into The Great Depression... We didn't get out until about a year after the onset of World War II in 1941. Things are in many ways much worse than they were back then. Think about that...
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