Gary's Blog

Friday, December 18, 2009

Layoffs on Decline

The four-week average for jobless claims was an encouraging sign that the pace of layoffs continues to decline. The four-week average is now at its lowest point since last September 2008.

Separately, a forecast of economic activity rose for the eighth straight month in November, signaling the economic rebound will continue into next year. The index of leading economic indicators rose 0.9% in November.

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