March 25, 2010 Good News — Jobless Claims Continue to Drop
The four week moving average of jobless claims has dropped over 11,000. Overall there were still around 450,000 initial jobless claims. However, this is down significantly from the 640,000 level from the same time a year ago. Overall the employment forecast is still cloudy, but this is another indicator that we have moved out of this recession and into a slow recovery.