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Data Suggest Job-Market Gains Leveling Off

Wall Street Journal (03/16/12) Neil Shah

The number of people filing new applications for unemployment benefits declined last week, but declines in the four-week moving average have slowed, indicating that recent improvements in the job market may be losing momentum. Although employers are slowing the pace of layoffs, and the economy has added 1.2 million jobs in the past six months, some observers believe the job market won’t improve any further without more substantial economic growth.