Remember: the magic number is 400,000
Link here.
The lede:
The number of people seeking U.S. unemployment benefits remained stuck near a three-month high last week, a sign that hiring has likely slowed since winter.Data points:
- weekly applications down 1,000, to 388,000; little changed from last week; last week's number --> highest since January 7, 2012 -- almost four months ago
- four-week average: rose to 381,750
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