COBRA
Mike: Good day to all and I hope you had a fine weekend. Today proved to be a rather light day for layoff announcements, as is usually the case for Monday. With plenty of people on vacation this week, and that includes those that do the laying off, it may be a quieter week for […]
Mike: The Thursday Jobless Claims report shows a worse showing than expected with 627,000 jobless claims compared to a 600,000 estimate. The four-week moving average also increased, although by only 500, but it shows that jobless claims are still at recessionary levels and not improving as quickly as most “experts” had envisioned. The 4-week moving average […]
Mike: A busy Wednesday for economic reports, especially the two related to housing; MBA Purchase Applications, which showed some improvement mortgage applications climb from 7-month low as shown below, and New Home Sales showed continued weakness May new home sales dip 0.6 percent, which is surprising considering this is peak season for home sales. Mike: Durable goods orders show […]
