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Chart of the Week

Current Chart: Updated October 17, 2014

New claims for unemployment insurance declined by much more than economists expected this week and, consequently, the less volatile four-week moving average is now at a new low. In fact, the data hasn’t been this low since June 2000 - which is a positive sign for the labor market. Continued improvement in this key leading indicator will bode well for consumer confidence and the economy as a whole. Stay tuned as we follow the developments in the weeks to come...

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