Advance Initial Claims Unchanged at 353,000

Advance Initial Claims Unchanged at 353,000

March 13, 2008 0 Comments

(March 13, 2008) – In the week ending March 8, the Department of Labor released this morning in their Unemployment Insurance Weekly Claims Report, the advance figure for seasonally adjusted initial claims was 353,000, unchanged from the previous week’s revised figure of 353,000. The 4-week moving average was 358,500, a decrease of 1,250 from the previous week’s revised average of 359,750.

This is a pretty good number. Not great–just pretty good. Consistent with slow but positive rowth. Not consistent with a recession and shrinking GDP.

JR

John Rutledge

0 Comments

  1. Pat Rombach

    March 14, 2008

    John: You have an excellent blog. Lets not wreck you blog by calling names. You are better than this.
    Pat

    Pat,
    You are entirely correct. We'll call it temporary insanity. Wrote it out of sheer boredom on my BlackBerry while halfway trough a minor surgery (turned out fine). My bad.
    JR


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