"In the week ending March 10, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 14,000 from the previous week's revised figure of 365,000. The 4-week moving average was 355,750, unchanged from the previous week's revised average of 355,750."
The American job market is still a long way from healthy, but its pulse feels a lot stronger now than it did six months ago. The Labor Department says employers added 227,000 workers to their payrolls in February, a solid — if not spectacular — performance. It continues a trend that suggests a genuine recovery, not a temporary blip.
The unemployment rate held steady at 8.3 percent, even as nearly 500,000 people joined the workforce.
Improvement in the job market is a boon for President Obama as he tries to hold onto his own job in November.
Here's what to expect at 8:30 a.m. ET when the Bureau of Labor Statistics releases its much-anticipated February jobs report, economists say:
-- "The economy probably created 210,000 jobs last month, according to a Reuters survey, following January's tally of 243,000. The unemployment rate is expected to have held at a three-year low of 8.3 percent."