Posts Tagged ‘unemployment claims’

Jobless Claims

I neglected to post this earlier today. Weekly jobless claims is one of the best gauges of how the economy is going. This week the four week moving average came in at 623,500 a decline of 30,000. It’s a horribly high number but it is at least continuing to decline.

Morning Financial News

Here is a quick trip through the major news this morning with some links. The ECB cut its main interest rate by 0.5% to 2.0%. The statement accompanying the rate was typical central bank speak. In a nutshell, things are not looking too good. The four week moving average of unemployment claims was 4.498 million, […]