That's being really in touch with what's going on out here, senator.
U.S. Economy: Jobless Claims Soar, Productivity Rises (Update1)
By Courtney Schlisserman and Timothy R. Homan
Feb. 5 (Bloomberg) -- The number of Americans filing first-time jobless claims reached a 26-year high and companies squeezed more productivity out of their remaining staff, underscoring the deepening deterioration in the labor market.
Initial applications for unemployment benefits climbed more than forecast to 626,000 last week, a Labor Department report showed today in Washington. Productivity, a measure of employee output per hour, rose at a 3.2 percent annual rate in October to December as employers cut 1.5 million from payrolls and slashed working hours by the most since 1975, the department said.
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