Thursday, December 17, 2009

Gains in weekly claims stall

But trend intact

Weekly initial jobless claims increased 7,000 to 480,000, while the 4-week moving average dropped 5,250 to 467,500.

image

Not really much to say.  The sharp improvement witnessed in November has stalled for now, but the general downward trend is still intact. 

Simply put – the chart above is reflecting gradual improvement in the labor market and a gradual improvement in economic activity.

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