Yahoo! News – Wholesale Inflation Up, Job Claims Off: “The Labor Department reported that U.S. producer prices shot up a hefty and more-than-expected 0.8 percent last month, the biggest jump since March 2003, as prices received for food and energy shot up.
The government also reported that initial jobless claims dropped more than expected to 336,000 but the Labor Bureau said some of that fall in filings for unemployment insurance was due to government offices having been closed on Friday for the funeral of former President Ronald Reagan. “
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