The Market in SIMPLE English

Weekly Jobless Claims Just Released

Eagles,

Just released - Weekly jobless claims.
Employment Photo
For the week of June 13th - Initial jobless claims was up only 3,000 at 608,000

The FOUR week moving average was DOWN 7,000 at 622,750

Continuing Claims - which is the total number on unemployment was DOWN 148,000 to a total 6.687 Million.  This is the first drop in this number since January 3rd.

These numbers are showing continuing STABILIZATION in the economy.

Home mortgage interest rates have settled down some since the 10 year bond auction last week, and with the release of this news, rates are holding steady.

Please let me know what questions or comments you have.

Thanks,

Chuck

3 comments • Chuck Cornwell • June 18 2009 07:46AM