The favorable trend in weekly updates for initial jobless claims over the past two months remains intact with today’s release. New filings for unemployment benefits in the U.S. on a seasonally adjusted basis dipped by 3,000 last week to 420,000, the Labor Department reports. That’s hardly a definitive sign that all’s well, but the modest decline of late appears to be alive still, giving hope to the notion that the trendless trend for this series that prevailed earlier this year is now history. Such is the diminished definition of progress these days when it comes to the labor market.
Daily Archives: December 16, 2010
DATA CHECK: EMERGING MARKETS
A new article in the IMF’s Finance & Development journal brings some fresh analysis and numbers to an old theme: emerging markets are hot and they’re reshaping the global economy. We’ve heard the story before, but the details are no less no impressive.