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Jobless Claims Unexpectedly Fall 7K

http://hendrengroup.biz/blog/2013/03/... The figure of Americans applying for unemployment benefits surprisingly cut down last week, signifying an upturn in the labor market. This could be very fastidious news. If the economy will continue to rise, possible revival will soon be realized. At some point recovery seems implausible but turn of events is favoring us and results are even enthralling. Early reports from the Labor Department said on Thursday, state unemployment benefits fell 7,000 to a seasonally adjusted 340,000, waning for a second straight week. The preceding week's claims number was altered to demonstrate 3,000 more applications received than earlier reports. According to Reuters' poll, economists had expected first-time applications to mount to 355,000. The four-week inconsistent average for new claims, an improved measure of labor market trends, also fell 7,000 to 348,750 pointing to some firming in underlying labor market conditions. Since March 2008, this has been the lowest number. No states had been estimated and there were no special factors influencing the report, says a Labor Department analyst. According to a Reuters' survey of economists, employers probably added 160,000 jobs to their payrolls last month, a small pick-up up from January's 157,000 count. That would just be enough to hold the jobless rate steady at 7.9%. The figures due on Friday have no bearing on February's employment report as it falls outside the survey period. Economists claim job increases of about 250,000 per month over a constant period are needed to significantly change the ranks of the unemployed. Job escalation averaged 200,000 in the last three months. Companies have no plans hiring domestic demand remains lackluster even though layoffs decreased. Claims stay pushed in the low end of a 330,000 to 375,000 range for this year. Federal Reserve last year to launch an open-ended bond buying program because high unemployment provoked them. The U.S. central bank said

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