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The Department of Labor reports unemployment (initial claims) statistics as follows.
” In the week ending Feb. 13, the advance figure for seasonally adjusted initial claims was 473,000, an increase of 31,000 from the previous week’s revised figure of 442,000. The 4-week moving average was 467,500, a decrease of 1,500 from the previous week’s revised average of 469,000.”
The 4 week moving averaging of unemployment claims is at its lowest level since September 2008. However, that figure is still high and continued job losses may still be on the horizon.
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