Unemployment claims came in with a strong showing today. Seasonally adjusted claims were 364,000, below the magic number of 375,000 that is associated with strong employment growth.  More importantly, the 4-week average continues to show a year-over-year improvement of 30,000+.  If that trends continues we should see a good first quarter of 2012--look for significant employment increases then.  But don't expect a paved road: the Fed is still not allowing money supply (M3) to grow, and the economy will be muted until the Fed gets its act together.

Nice blog about the employment crises and the points which are described are also interesting to read.

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jfo
5/28/2012

Thanks!

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There is lot of articles on the web about this. But I like yours more, although i found one that’s more descriptive.

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