Nothing To Do, Nowhere To Go 0
My gut tells me that sequestrian dressage is starting to hit a rhythm, but it’s not mentioned in the report.
(snip)
The four-week average of claims rose to 354,250 from 343,000.
(snip)
Economists’ estimates in the Bloomberg survey ranged from claims of 330,000 to 400,000.
The number of people continuing to receive jobless benefits fell by 8,000 to 3.06 million in the week ended March 23.
I don’t have as much faith in monetary policy as Ben Bernanke seems to. From later in the story:
Federal Reserve Chairman Ben S. Bernanke and his colleagues reiterated March 20 they will press on with monetary easing until the labor market outlook improves “substantially.”
Growing demand will help to sustain employment amid concern about the impact of the automatic federal budget cuts, or sequestration, which were triggered last month as lawmakers failed to reach a compromise on ways to reduce the nation’s deficit.
