Patrick Fearon Indicator Quotations

The trend in general for the last several months has been in this ballpark, with initial claims being really pretty low compared with the size of the workforce and the size of the economy. So for some time, jobless claims have been and indicator that the labor market remains healthy and March payrolls probably will remain pretty healthy as well.

So despite the indicator today, the report for February might not be quite as strong as this is suggesting.