Verizon Strike Boosts Unemployment Aid Requests
By Christopher S. Rugaber
WASHINGTON -- Thousands of Verizon workers on strike pushed the number of people seeking unemployment benefits last week to its highest level in a month.
But excluding the work stoppage, layoffs likely fell. That should help ease fears that the economy is on the verge of a recession.
Investors appeared to overlook the report. Stock futures held most of their early gains.