With Spring Comes Sunnier Disposition

Here is some editorial from this morning’s blogs:
On Thursday, the Labor Department reported that Americans filing new claims for jobless benefits fell to 646,000 in the week ended March 14, from the previous week's revised reading of 658,000, below the 652,000 economists had expected.Though the weekly figure is still steep, the better-than-feared data emboldened economic optimists, who said the first signs of a bottom arrive when data begin to come in stronger than forecast.
Meanwhile, investors received a clearer picture of manufacturing in the United States Thursday morning, after the Philadelphia Federal Reserve reported that its manufacturing index for March came in at negative 35.0, a considerable improvement over the negative 41.3 reading reported in February and better than the minus 39.0 Wall Street had expected.

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