The new unemployment claims filed last week came to a total of only 366,000. This brought the less volatile four week average down to 387,750. These are actually good numbers, indeed, the first really good numbers for this statistic in nearly a year. The actual number of new claims was 433,000, but the seasonal adjustment brought the figure down to 366,000. Despite the higher actual number, even that figure was down from the actual number of 492,000 for the previous week.
As we all know, one week does not make a trend. Nevertheless, it is heartening to finally see some good news on the economy.
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