Unexpected Drop For Jobless Claims
James Picerno | Mar 26, 2015 09:27AM ET
New filings for unemployment declined last week, the Labor Department
That said, the strong downward trend for much of the past year has eased lately. Although claims slipped to a five-week low in today’s release, the trend over the last several months reflects volatility within a range of roughly 270,000 to 320,000. It’s unclear if this is a sign that the improvement in the labor market is slowing rather than a pause ahead of a spring revival that brings more encouraging numbers.
As for what we do know at the moment, jobless claims continue to point to continued growth for payrolls for the near term. The rate of increase may be slowing, but today’s update offers little support for expecting anything more than a mild deceleration in the macro trend for the immediate future.
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