It’s Thursday, Again

Initial unemployment claims rose slightly, rising by 11,000 to 227,000, with the 4 week moving average rising slightly.

New applications for unemployment benefits in the U.S. increased last week but held near historically low levels as employers cling to workers in a tight labor market.

Initial jobless claims, a proxy for layoffs, rose by 11,000 to a seasonally adjusted 227,000 last week, the Labor Department said Thursday. The four-week average, which smooths out volatility, increased by 500 to 231,250.

Continuing claims, a proxy for the total number of people on unemployment rolls through regular state programs, ticked up to 1.49 million for the week ended Feb. 26 from 1.47 million a week earlier. Continuing claims are reported with a one-week lag.

Given that year over year inflation rose to 7.9%, meaning that the Federal Reserve is definitely raising its federal funds rate this month, the only question is by how much.




Husband, father, pinko, slave to cats

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Milton Keynes is bidding to be 2023 Capital of Culture — it should be taken seriously

U.S. Equity Rebates, Part 2

Farm Bills, Small Farmers and Chasing the Agri-Dollar Dream

Peter Schiff: Making the Dollar Weak Again

Are COVID-19 Lockdowns Worth It?

Impact of globalization on a local level

Beware of the Bear

Nine months later…

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Matthew G. Saroff

Matthew G. Saroff

Husband, father, pinko, slave to cats

More from Medium

Cruising for a Bruising

Embracing a new mindset

How Can You Overcome Lack Of Confidence? | Shellye

Don't Go Rafting with a Hangover