The Job Spin -- March 12, 2015
The spin from Bloomberg:
The number of Americans filing for
unemployment benefits declined more than forecast last week,
returning to a level that’s consistent with an improving labor
market.
Initial jobless claims dropped 36,000 to a three-week low
of 289,000 in the period ended March 7 from a revised 325,000 in
the prior week, a Labor Department report showed Thursday in
Washington. The median forecast of economists surveyed by
Bloomberg called for 305,000 new applications.
Another report Thursday from the Commerce Department showed
retail sales unexpectedly declined for a third month in
February. Purchases fell 0.6 percent after a 0.8 percent slump.
The four-week average of claims, a less-volatile measure
than the weekly figure, fell to 302,250 from 306,000 the week
before.
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