Weekly jobless claims lowest since Mid-April 2008
Challenger Job Cuts YoY
RBC Consumer Outlook Index
Initial Jobless Claims
Continuing Jobless Claims
Jobless Claims in U.S. Fell to Lowest Level in Four Years. Claims for U.S. unemployment benefits dropped last week to the lowest level in four years, adding to recent reports showing signs of health in the economy.
Jobless claims fell 6,000 to 357,000 in the week ended March 31, the fewest since April 2008, the Labor Department reported today in Washington. The median forecast of 43
economists in a Bloomberg News survey estimated a decrease to 355,000. The number of people on unemployment benefit rolls also dropped, while those getting extended payments increased.
The improved labor market, rising stock prices and easier credit are lifting U.S. consumer confidence and spending, which accounts for 70 percent of the economy.
All of us economic wonks eyes now shift to tomorrow’s report which may show the world’s largest economy added more than 200,000 jobs in March for a third consecutive month, the longest streak of similar increases since late 1999 early 2000.
Tomorrow’s report from the Labor Department on total payrolls, which includes government workers, is projected to show:
Change In Nonfarm Payrolls, 205,000 estimated for March, 227,000 was the February number
Change in Private Payrolls, 215,000 estimated for March, 233,000 was the February number
Change in Manufacturing Payrolls, 20,000 estimated for March, 31,000 was the February number
Unemployment Rate, 8.3% estimated for March, 8.3% was the February number
All according to a median forecast of economists surveyed by Bloomberg.
Assistant State Treasurer
Chief Investment Officer
State of Louisiana
Department of the Treasury
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