More Americans Than Forecast File for Jobless Benefits – Bloomberg 06-21-12

Salient to Investors:

Four-week moving average increased to the highest since the week ended Dec. 3. The level of dismissals may raise concern the slowdown in payrolls will be prolonged, limiting consumer spending.

Ryan Wang at HSBC Securities USA says momentum is slowing, companies have curtailed demand for labor, meaning less income growth, a restraint on consumer spending.

Read the full article at http://www.bloomberg.com/news/2012-06-21/more-americans-than-forecast-file-claims-for-jobless-benefits.html