Weekly Unemployment Claims Again Drop Dramatically

From dshort.com - Advisor Perspectives
January 24, 2013 - 9:15am

Jan 24, 2013 Doug Short  The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 330,000 new claims number was a 5,000 decrease from the previous week. That is the lowest number of initial claims since January of 2008. The less volatile and closely watched four-week moving average, which is usually a better indicator of the recent trend, fell from 359,250 to 351,750, the best reading since March of 2008. The first three weeks of 2013 show the sharpest decline in claims for the comparable opening weeks for the previous three years.More...

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