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Initial claims for the week ending on Dec. 5 unexpectedly rose by 17000 to 474000. However, in the last 5 weeks the average claims filed have fallen to the lows of the year. This can be seen as an indication that companies are gaining confidence in the economy, and given that most companies have trimmed the fat enough to maintain day to day operations making more cut unrealistic. Therefore, one can justify a peak has occurred or by the first quarter of next year! Don’t be frightened if there is a spike in claims next month that will attributed seasonal employees. Keep in mind just because we hit a peak doesn’t mean were out of the water, economy still has 10% of unemployed Americans looking for jobs. That’s where the challenge lies!