Initial Jobless Claims Jumped 28,000 to Two-Year High of 261,000… More than 11,000 of the increase was in just two states, California, and Ohio. What it means— With tech company layoffs, California ...
Week In Review – December 12 2022
Continuing Jobless Claims Up to 1.67 Million… The number of workers filing for jobless benefits beyond the initial week has increased from roughly 1.306 million in May to 1.67 million last week. What ...
Week In Review – November 7 2022
U.S. Economy Created 261,000 Jobs in October, Unemployment Rate Ticked Up From 3.5% to 3.7%… The jobs number was higher than the 205,000 forecast, while the labor force participation rate fell ...
Week In Review – October 24 2022
Existing Home Sales Fell 1.5% in September, Down 23.8% Over Last Year… The 30-year fixed-rate mortgage now costs more than 7%, over double what it was this time last year. What it means— ...
Week In Review – October 10 2022
The U.S. Created 263,000 Jobs in September… The unemployment rate fell slightly, to 3.5%. What it means— That’s not what investors wanted. A weak jobs report would have supported the notion of a ...