Say It With Me Now: "Joblessness Falls Again"
Once again, the number of initial jobless claims fell last week, punching through the 300k mark and sinking to its lowest level in 6 years.
Tomorrow, we'll see the new unemployment rate reading, which is expected to hover at its previous level - a historically picayune 4.8%.
Analysts believe the economy created a solid 198,000 jobs last month, down slightly from the 243,000 jobs created in February.
Economists are looking for strong job growth to continue in coming months even as the economy slows a bit from what is expected to be a sizzling growth rate, perhaps topping 5 percent in the January-March quarter.
Previously: New Joblessness Dwindles by 3%
Handcrafted by Flip on April 6, 2006 |
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