Thursday, August 8, 2013

It's The Economy Stupid: Jobless


Well, the Initial Jobless Claims number came in just about as expected by economists at 333,000, versus economists estimate of 335,000.  This was the lowest Jobless Claims number since 2007!  That’s a clear sign that the labor market is making some progress.  There was very little revision to the prior period’s numbers.


The less volatile four week average for Initial Jobless Claims declined to 335,500 on average, the least since November 2007.


Good news!


John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury



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