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More on jobless claims: The 4-week moving average declines 7.5K to 339,750, the lowest level...

More on jobless claims: The 4-week moving average declines 7.5K to 339,750, the lowest level since February 2008 (long-term chart courtesy of Bill McBride). S&P futures continue to hug the flat line and Europe's off the lows, the Stoxx 50 -0.8%.
Comments (9)
  • bbro
    , contributor
    Comments (10433) | Send Message
     
    good number
    21 Mar 2013, 08:57 AM Reply Like
  • june1234
    , contributor
    Comments (3212) | Send Message
     
    not if your'e one of those 339,000 .
    21 Mar 2013, 10:18 AM Reply Like
  • bbro
    , contributor
    Comments (10433) | Send Message
     
    Good number for most...bad number for some...
    21 Mar 2013, 11:00 AM Reply Like
  • ChrisWebber
    , contributor
    Comments (44) | Send Message
     
    @bbro,
    Agree with you, another good number:
    Existing home sales rose to their highest level in more than three years, while prices increased nationwide, yet another indication of a housing recovery that bodes well for the overall economy.
    1) February retail-sales data proved better than expected
    2) An increase in the factory workweek to the longest since World War II indicates that the jobs growth in the sector is set to continue. Production staff worked an average 41.9 hours a week in February, tying with December 1997 and January 1998 as the most since May 1944. Companies will need to think about recruiting for future needs, not just for their immediate requirements, if demand stays steady, says employment consultant John Challenger.
    3) Truck tonnage in January was up 6.5% from a year ago, strong evidence that the economy continues to expand.
    4) Housing construction continue  to grow
    J.P. Morgan has revised higher its forecast for U.S. economic growth following stronger-than-expected retail sales in February.
    The bank now expects annualised first-quarter U.S. gross domestic product to grow 2.3%, compared with an earlier forecast of 1.5%.
    It is very hard to argue with the statistics and according to all indicators this year will be good for the stock markets: http://alturl.com/wiz2t
    21 Mar 2013, 12:27 PM Reply Like
  • mrdirt
    , contributor
    Comments (636) | Send Message
     
    Job growth has returned to the United States on a limited basis. The millions of jobs lost in the recession may not be replaced for years. That is the position of Fed chair Ben Bernanke, at least, and he is joined in that opinion by many economists.

     

    The most pressing worry about the jobs that have been and will be added in the near-term future rest with data on how many jobs are “full-time temporary workers” who have no benefits and probably have little job security.

     

    The other signal that the job market recovery numbers are misleading is the rise in productivity. Workers work harder for the same wages they had a few years ago — or for less money. Employers can squeeze more effort out of these people because of job loss fears. Companies have come to rely on this new workforce environment to continue, and to benefit their margins.

     

    http://bit.ly/Zfbo74
    21 Mar 2013, 01:49 PM Reply Like
  • mrdirt
    , contributor
    Comments (636) | Send Message
     
    Claims for Jobless Benefits Inch Higher
    Still, while layoffs have ebbed over recent months, companies have been cautious about adding new employees and the Federal Reserve has appeared worried that belt tightening by the government could dampen progress made in the labor market.

     

    http://nyti.ms/102gt4Q
    21 Mar 2013, 09:05 AM Reply Like
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    Clearly this is a signal that the market top is here.
    21 Mar 2013, 09:06 AM Reply Like
  • Petrarch
    , contributor
    Comments (937) | Send Message
     
    not yet we are 18 mos from there.
    Economy building momentum
    3% growth coming if not already here
    P
    21 Mar 2013, 10:20 AM Reply Like
  • BruceInKY
    , contributor
    Comments (437) | Send Message
     
    Anecdotal I know, but many of the fast food restaurants I'm driving past have "now hiring all shifts" on their marquees. Something tells me they've had to expand their crews as they have been cutting existing team members hours in order to stay under the Obamacare triggers.

     

    Recovery Summer 3 is just around the corner. That is, if you were getting by on 2 part-time jobs in 2012 you're going to need a 3rd in 2013.
    21 Mar 2013, 11:42 AM Reply Like
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