In this week’s Economic Report, Dr. Rick Harper discusses unemployment, job creation and the promise and limitations of the information technology sector to Northwest Florida’s economy.
The Labor Department reported Thursday that weekly applications for unemployment benefits had dropped by 6,000, to a seasonally adjusted 275,000. That is a positive sign for the nation’s economy, Harper said.
“Initial jobless claims look good,” he said. “We are at a four-week moving average that’s well below 300,000 now.”