Weekly Unemployment Claims at 350K; Lowest 4-Week Moving Average Since March 2008
From dshort.com - Advisor Perspectives December 27, 2012 - 9:50am
Dec 27, 2012 Doug Short The Unemployment Insurance Weekly Claims Report was released this morning for last week. The 350,000 new claims number was a 12,000 decline from a 1,000 upward adjustment of the previous week. The less volatile and closely watched four-week moving average, which is usually a better indicator of the recent trend, fell to 356,750. That is the lowest 4-week MA since March of 2008. Here is the official statement from the Department of Labor:More...
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