The Labor Department’s initial and continuing claims data were released today, covering claims through the week ending March 23rd. Overall, initial unemployment insurance claims came in at 357K, an increase of 16K over the revised figure from the prior week. Additionally, the revised figure from the prior week was moved upward by 7K from 334K. The seasonally adjusted initial claims figures are now about 7 percent above where they stood for the week ending March 9th. The week of March 9th represents the lowest initial jobless claims figure since the onset on the economic recovery in 2009. What do…
Initial Jobless Claims at Lowest Level Since March 2009
Harrison Roger
Roger is an economic adviser and active angel investor. He owns various economics firms. His work allows him a diverse group of clients across the globe, including the United States, Europe, and Asia. He holds a Ph.D. in business economics.