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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Initial Jobless Claims Fall to Lowest Level since 2008

In a further sign of a recovering economy, the number of initial jobless claims declined unexpectedly to the lowest level since May 2008, according to figures released Thursday by the Labor Department. Seasonally adjusted initial claims was 368,000 in the week ending Feb. 26, a decrease of 20,000 from the previous week’s revised figure of 388,000. The four-week moving average, a less volatile figure, was 388,500, a decrease of 12,570 from the previous week’s revised average of 401,250. This is the first time in three years that the four-week average was below 400,000. Applications would need to remain consistently under 375,000 to indicate a decline in the unemployment rate. The Labor Department also reported that for the week that ended Feb. 19 the number of people continuing to collect jobless benefits was nearly 3.8 million, a decrease of 59,000. The seasonally adjusted unemployment rate for those eligible for benefits dipped to 3% from the prior week’s revised rate of 3.1%. In testimony before Congress earlier in the week, Ben Bernanke said that while the job market has improved “only slowly,” there are “some grounds for optimism about the job market over the next few quarters, including notable declines in the unemployment rate in December and January, a drop in new claims for unemployment insurance, and an improvement in firms' hiring plans.”