Thursday, March 13, 2008

Initial Jobless Claims

New jobless claims held steady for the week ending March 8th, holding at 353,000. The 4-week moving average fell by 1,250, to 358,500.

Jobless claims still remain above the threshold of a healthy labor market. Readings consistently higher than 350,000 would signal significant weakening in the labor market.

See Full Report.

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