Initial jobless claims rose 16,000 to 326,000, the Labor Department reports on Thursday. Fenimore Asset Management research analyst Drew Wilson tells TheStreet’s Joe Deaux that he isn’t worried about the data because the 4-week moving average barely moved higher. Wilson says markets are really looking to Friday’s nonfarm payrolls report for March. Economists expect the U.S. economy to add 200,000 jobs in March as the cold winter ebbed toward the end of the month.
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