The Market in SIMPLE English: Weekly Jobless Claims Just Released

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

Comments

Thanks for sharing the good news.

Posted by Jim Crawford ~ Atlanta Real Estate-ABR E-PRO (RE/MAX Paramount Properties) about 1 year ago

That is good news.   Lets hope it is a sign this thing is turning around.  People like us all over the nation who are self employed with small business cannot apply for unemployment, so I am afraid we will not really know how many are without work or income. 

Posted by Sandra White (John L Scott Real Estate) about 1 year ago

Hi Chuck, Good post. Thanks for sharing.

Best - Sash

Posted by Sasha Miletic - Windsor Real Estate (RE/MAX Preferred Realty Ltd.) about 1 year ago

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