Another really good week, with initial jobless claims falling 5,000 to 359,000, (well sort of, last week’s numbers were revised up from 348K to 364 K, so apples to apples is a little bump up), with the 4 week moving average fell 3,500 to 365K, with continuing claims falling by 41K to 3.34 million, and extended claims fell 79K to 3.24 million.

Of course, there is a proverbial turd in the punch bowl in all of this, which is that all of these figures are seasonably adjusted, and we’ve had the mildest winter in the United States pretty much ever so we might be seeing a lot or economic activity that would normally be in April or May.

I guess we’ll find out then.