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The Department of Labor reports unemployment (initial claims) statistics as follows.
“In the week ending March 27, the advance figure for seasonally adjusted initial claims was 439,000, a decrease of 6,000 from the previous week’s revised figure of 445,000. The 4-week moving average was 447,250, a decrease of 6,750 from the previous week’s revised average of 454,000.”
The 4 week moving averaging of unemployment claims is near 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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