Daily Archives: April 18, 2013

Jobless Claims Are Stuck In Neutral… For Now

No news is good news at the moment for weekly jobless claims. Today’s update shows a small rise in last week’s new filings for unemployment benefits, and that’s a good thing, for now, considering what might have been. Recall that the numbers in March showed a disturbing tendency to rise, and rather sharply by the standards of recent history. It all looked quite dark after considering the wobbly data for March in payrolls and retail sales. Those worrisome signs are still with us, of course, but the good news is that jobless claims pulled back from the brink for the week through April 6 and today’s report suggests that the retreat is holding.

Continue reading