Google+
Close

The Corner

The one and only.

‘First-time jobless claims fall more than expected’



Text  



The Labor Department released new numbers this morning. Never pay much attention to one week of initial claims for unemployment insurance. Instead, look at the underlying trend. The four-week moving average of claims is 469,000, down substantially from 602,000 a year ago and 566,000 six months ago. That’s good news and suggests we are on the doorstep of consistent net job creation.    

 – Robert Stein is senior economist at First Trust Advisors.



Text  


Sign up for free NRO e-mails today:

Subscribe to National Review