ECONODAY: Jobless claims data have been choppy week to week but the underlying trends are favorable. Initial claims rose 25,000 in the February 7 week to a higher-than-expected 304,000 but the 4-week average actually fell, down for a 3rd straight week to a 289,750 level that is about 10,000 lower than a month ago in what is a favorable comparison for the monthly employment report...
