The 4-week average, which seeks to smooth out the weekly volatility, was unchanged at 424,750.
What we call the army of unemployed, the continuing jobless claims, fell by 21,000 to 3.675 million. Lastly, the unemployment rate for workers with unemployment insurance was 2.9%.
This week seems to have no exceptional or unusual items.
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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