Job Loss
Mike: I thought that jobless claims would increase, but I was surprised it increased by 32,000, since the auto manufacturers layoff announcements didn’t occur until last week. Initial jobless claims rose by 32,000 to 637,000 in the week ended May 9, from a revised 605,000 the prior week, the Labor Department said today in Washington. […]
Mike: Good day to all and thanks for visiting The Layoff List. Today brings a bevy of economic reports, so let’s see how the experts analyze the data. MBA Purchase Applications fell from the previous week even though interest rates are at historically low levels. The remainder of the reports are as follows: Retail Sales, Import and Export Prices, Business […]
Mike: I hope you all have a fine Tuesday. Today brings us the weekly retails sales numbers, ICSC-Goldman Store Sales and Redbook, which show increases from last year. Shoppers are opening thier wallets and spending some money this year, which is a good sign that people are more comfortable with spending. Mike: My following thoughts are not meant to […]