Thursday, June 7, 2012

Good News for Jobs

Remember: the magic number is 400,000.

Link here.
.... claims for unemployment benefits fell more than expected last week for the first time in April, declining 12,000 to a seasonally adjusted 377,000, according to the Labor Department. Economists polled by Reuters had expected a reading of 380,000. The four-week moving average for new claims increased 1,750 last week to 377,750.
The four-week moving average will continue to improve if ...

The reason the four-week moving average increased is somewhat of an anomaly due to last week's numbers.

Not to worry. Summer rally on its way.

Disclaimer: this is not an investment site. 

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