Unemployment: Four-Week Moving Average Inches Up

Remember: the magic number is 400,000

Link here to Yahoo/AP.

The AP says the four-week moving average, which the AP says is a better indicator of labor market trends, edged up to 371,250.

Last week's unemployment numbers were also revised ... drum roll, ... upward. Last week's applications for unemployment were 3,000 more than previously reported.

This week's number: 365,000.  The best it has been in ... drum roll, ... a month. That's the headline: jobless claims fall to lowest level in a month. I can't make this stuff up.

Happy days are here again. No need for QE3. The job market is improving -- lowest level of first time unemployment claims in a month. Just that inconvenient truth: the four-week trend edge up. Hmmm.

It's interesting to scroll through the updates.

I see that, because of the construction boom, there are not enough workers. (Note: there are two links there.)

Dykstra sees buyers taking advantage of low interest rates and low home prices. He is building about forty houses a month now, but says he would build sixty if he had enough labor and contractor support.