Jobless Claims: Well, We Had A Good Run
The week which ended April 16 ended on a bittersweet note for job market watchers: While claims by first-time filers fell from last week’s surprising high of 416,000, the four-week average is back up to 399,000, or basically back where we were in February.
However, since the four-week average is technically below 400,000, it allows analysts to say things like “Jobless claims below the 400,000 mark are usually associated with steady employment growth. Despite the increase last week, the four-week average has now been below that level for an eighth straight week.”
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