Friday, March 30, 2012

Signs of Health in the Labor Market

Even WSJ gets it:
The labor market is showing signs of health. The number of Americans filing new claims for unemployment benefits fell to a seasonally adjusted 359,000 last week, from an upwardly revised 364,000 the previous week. The average for the past four weeks — a less-volatile measure — dropped to 365,000 from a revised 368,500. Readings below 400,000 suggest layoffs are easing and hiring may be picking up.


Will not be good for sales of clueless books written by those, who don't understand the business cycle and who never saw the current manipulated boom coming.

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