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The Department of Labor reports unemployment (initial claims) statistics as follows.
“In the week ending April 10, the advance figure for seasonally adjusted initial claims was 484,000, an increase of 24,000 from the previous week’s unrevised figure of 460,000. The 4-week moving average was 457,750, an increase of 7,500 from the previous week’s unrevised average of 450,250.”
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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