Jobless Claims

The labor market remains solid and unemployment claims very low. Initial claims in the February 27 week did edge 6,000 higher to 278,000 but the 4-week average is down 1,750 to a 270,250 level that, significantly, is nearly 15,000 below the month-ago trend. This comparison offers a positive signal for February’s employment conditions.

Continuing claims, where data lag by a week, remain near historic lows. In data for the February 20 week, continuing claims rose 3,000 to 2.257 million with the 4-week average unchanged and also at 2.257 million where a comparison with the month-ago trend shows little change. The unemployment rate for insured workers remains unchanged at 1.7 percent.

There are no special factors in today’s report.

By | 2016-03-08T11:36:41+00:00 March 8th, 2016|Categories: Leading|Tags: , , |0 Comments

About the Author:

Bryan Sanford is Vice President and Investment Officer of Charter Trust Company. He joined the firm in 2009 and is based in our Concord NH office.

Mr. Sanford received his Bachelors of Science degree from the University of New Hampshire, Durham. Mr. Sanford has held the FINRA Series 7 license.

Prior to joining Charter Trust, Mr. Sanford served in the United States Marine Corps as an infantryman. He participated in Operation Iraqi Freedom, touring in Fallujah, Iraq.

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