Jobless Claims Fall

Jobless claims saw a solid drop from the previous week providing hope for observers that our economy is finally on the mend.

– Seasonally adjusted initial claims were 712,000, a decrease of 42,000 from the previous week’s revised level.

– The 4-week moving average was 759,000, a decrease of 34,000 from the previous week’s revised average.

Employers added 379,000 jobs according to February’s jobs report but the unemployment rate is still above 6% meaning more than 4 million people aren’t working who were last February.