Weekly Jobless Claims
Mike: Today brings us the weekly Jobless Claims number and Existing Home Sales. Jobless claims rose to 640,000. Last weeks revised drop to 613,000. The bit of good news in the report showed that the four-week moving average declined 4,250 to 646,750. A continued decrease in the four-week moving average is a better iindicator of job loss trends than […]
Mike: I hope you are all having a great Thursday and thanks for visiting. – The number we are all looking at today is the Jobless Claims number. A second important number that will give of view of the economy’s health is the Housing Starts report. Both of those economic indicators will be available at […]
Mike: Today’s Jobless Claims number came in at 654,000, which was still in recession territory, but an improvement nonetheless. According to The Associated Press: New jobless claims fall more than expected to 654K.to a seasonally adjusted 654,000, down from a revised 674,000 the previous week. Analysts expected claims to drop to 660,000. A stabilizing job […]