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Thursday, March 8, 2012

Chart of the Week: Jobs Report Preview


“Initial claims provides consistent hard data regarding jobs in our economy. Historically, it has acted as a leading indicator for the unemployment rate. The sharp decline in initial claims suggests that the unemployment rate is set to continue to fall in coming months.”

James Chessen, ABA Chief Economist

Update:
Payroll employment grew 227,000 in February, exceeding expectations of 210,000. This is the third consecutive monthly gain over 200,000. Read more.

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