The following statistics were released today on the state of the US economy:

Challenger reports that announced layoffs in February were little changed at 51,728, compared to 53,486 in January and 50,702 a year ago.

Initial claims for unemployment  for the the March 3 week rose 8,000 to 362,000 with the previous week revised 3,000 higher to 354,000. The 4-week moving average rose 1,000 to 355,000.

The Bloomberg Consumer Comfort Index rose to -36.7 in the period ended March 4, the highest since April 2008.

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Dale Franks
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