WASHINGTON — Initial jobless claims dropped 20,000 to 368,000 for the week ending Feb. 26, the lowest level since May 2008, while the four-week moving average fell below 400,000 for the first time since July 2008, the Labor Department said Thursday.
Continuing claims fell to 3.774 million for the week ending Feb. 19, the lowest level since October 2008.
Economists had expected 395,000 initial claims and 3.800 million continuing claims.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
John Fleming is pushing back against a proposal in the state Legislature to change the way the state Bond Commission oversees the issuance of debt by cities, counties and local governments and entities.
Despite higher yields, muni to UST ratios remain rich. Ratios look "progressively richer" moving into the five- to 10-year part on the curve, with the 10-year spot "still far more attractive in taxables versus tax-exempts," J.P. Morgan said.
