http://money.cnn.com/2013/03/28/news/economy/unemployment-benefits/index.html?iid=SF_E_River
According to the article, the government said 357,000 people filed for unemployment benefits last week, up from 341,000 the week prior. Economists were expecting a modest decrease in the number of people to have filed for unemployment benefits. However, we should not read too much into this, given the volatility in these figures, particularly around the Easter and Passover holidays. Besides, compared to the massive 660,000 weekly claims for unemployment benefits during the height of the recession, 357,000 is still a heart-warming figure which can reassure many souls that we are on the right track to recovery.
2 comments:
Unemployment is very volatile and it cannot be predicted week to week, we need to look at monthly and yearly averages of such things to really know how the economy is prevailing.
I agree but for the time being, it can provide many people with hopes of an improving economy which is really good thing!
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