Investing March 14, 2002
Employment Picture Brightens Up
March 14, 2002 (PLANSPONSOR.com) - The latest data release from the Department of Labor (DoL) shows a slow but steady recovery in the US labor market.
Reported by Camilla Klein
The number of US workers filing for unemployment
benefits for the first time inched down in the week ending
March 9, to a seasonally adjusted 377,000 from 380,000 the
previous week, according to the DoL.
However, the four-week moving average, a more reliable measure of the unemployment situation because it smoothes out weekly fluctuation, edged up slightly to 374,750 from 373,750 a week earlier.
These levels were more or less in line with the expectations of economists polled by Reuters.
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