Weekly Unemployment Report

Calculated Risk:

The DOL reports on weekly unemployment insurance claims:

In the week ending Feb. 26, the advance figure for seasonally adjusted initial claims was 368,000, a decrease of 20,000 from the previous week's revised figure of 388,000. The 4-week moving average was 388,500, a decrease of 12,750 from the previous week's revised average of 401,250.

Just before massive state and local government job losses, the private sector finally is starting to strengthen slightly.  Check back in eight months and see how things are going