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The Department of Labor reports unemployment (initial claims) statistics as follows.
” In the week ending Feb. 20, the advance figure for seasonally adjusted initial claims was 496,000, an increase of 22,000 from the previous week’s revised figure of 474,000. The 4-week moving average was 473,750, an increase of 6,000 from the previous week’s revised average of 467,750.”
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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