Initial Jobless Claims Economic News

Dated: 11/01/2016

Views: 38

Layoffs continued to drop, with first-time claims for unemployment benefits filed by the newly unemployed during the week ending October 22 dipping to 258,000, a drop of 3,000 claims from the preceding week’s total of 261,000, the Employment and Training Administration reported last week. That said, the four-week moving average— considered a more stable measure of jobless claims — actually ticked up to 253,000 claims, a rise of 1,000 from the prior week’s average of 252,000.Claims for the week ending October 22 marked the 86th straight week of initial jobless claims staying below 300,000, a mark economists consider an indicator of a growing job market. This is the longest such streak since 1970.This week we can expect:Monday — Personal incomes and spending for September from the Bureau of Economic Analysis.Tuesday — Construction spending for September from the Census Bureau; car and truck sales for October from the auto manufacturers.Thursday — Initial jobless claims for last week from the Employment and Training Administration; factory orders for September from the Census Bureau.Friday — September balance of trade from the Census Bureau and the Bureau of Economic Analysis; October unemployment rate, payrolls, hourly earnings and average workweek from the Bureau of Labor Statistics.

Blog author image

Don Fleming

Don Fleming has been practicing real estate for more than 10 years , with the primary goal to become a trusted advisor for his clients. He specializes in new construction, where he leverages his exten....

Latest Blog Posts

The Rise Of Voice Assistants Siri Alexa And Google Assistant

Having an individual right hand is extraordinary. You have somebody to set your arrangements, discover bearings to your next gathering, even request a pizza for you. On the off chance that you have

Read More

Should I Wait Until Next Year To Buy Or Buy Now

The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates

Read More

New Construction Town Homes For Sale In Downtown Wake Forest NC Franklin Street Townes

This community is selling quickly. Visit us now to take advantage of special incentives. Visit to learn about the community, floor plans and!

Read More

Market Update For January 2018 Durham Johnston Orange And Wake RaleighGreatHomescom

Market Update for January 2018 Durham, Johnston, Orange, and Wake RaleighGreatHomes

Read More