Thursday, June 10, 2010

Weekly jobless claims stuck in narrow range

Weekly initial jobless claims fell just 3,000 in the latest week to 456,000, but the prior week was revised upward by 6,000.  The 4-week moving average increased 2,500 to 463,000.

The chart below speaks volumes.  There has been virtually no improvement since the beginning of the year, as uncertainty in the corporate world persists.

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