Weekly Initial Claims Statistics (3/12)

We’re still holding below the 400k level, a signal that the job market is recovering, however at a slow rate.

The Department of Labor reports unemployment (initial claims) statistics as follows.

“In the week ending March 12, the advance figure for seasonally adjusted initial claims was 385,000, a decrease of 16,000 from the previous week’s revised figure of 401,000. The 4-week moving average was 386,250, a decrease of 7,000 from the previous week’s revised average of 393,250.”

Entering the 300 thousand level is a good sign in the job market. More data is need to determine if the labor market is recovering or stagnant.