Chris Rupkey Says Jobless Claims Data Signals Recession: Video

Christopher Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd., and Todd Colvin, vice president of MF Global Inc., talk with Bloomberg's Betty Liu about U.S. initial jobless claims for the week ended March 15, the state of the economy and the outlook for Federal Reserve monetary policy. The number of Americans filing first-time claims for unemployment insurance rose 22,000 last week to 378,000, more than economists forecast and the highest since the week of Jan. 26, the Labor Department said in Washington. (Source: Bloomberg)

Bloomberg | March 20, 2008

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