The four week average fell by 9,250 to 477,750. Our largest focus is that army of the unemployed measured by continuing jobless claims. This week’s figure came in down at -2,000 to 4,478,000 from the prior week;s revised figure of 4,480,000.
These numbers are still far too high to make any dent in the unemployment, but at least we are not seeing 500K handles again.
JON C. OGG
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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