There was a 14,000 decline in the number of people filing first-time claims for unemployment insurance last week, the Employment and Training Administration just reported:
“In the week ending March 10, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 14,000 from the previous week’s revised figure of 365,000. The 4-week moving average was 355,750, unchanged from the previous week’s revised average of 355,750.”
At 351,000, claims remain at a four-year low.
Also just in:
Wholesale prices rose 0.4 percent in February from January, the Bureau of Labor Statistics says.