Daily Archives: March 11, 2010

WAITING (HOPING) FOR THE FLOOR TO GIVE WAY

The jury’s still out on the path of least resistance in the trend for initial jobless claims. Today’s weekly update is certainly a step in the right direction, although last week’s meager drop in new filings for jobless benefits falls far short of stellar, or convincing. The sluggish behavior of late in this series has kept us anxious for more than a month, and the number du jour doesn’t change much.

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