On Friday the Bureau of Labor Statistics will release the unemployment rate for December. Whatever the numbers look like we are sure to hear a debate about housing and unemployment — are they related, which causes which and does one hold the key to solving the other. A quick look at the way home prices [...]
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Economic Update: Initial Jobless Claims Fell 15,000 to 358,000
Initial jobless claims fell 15,000 to 358,000 in the week ended February 4, which was better than the 370,000 claims expected by consensus. The 4-week moving average is now under 370,000 and moving further into recovery territory. Mild weather once again explains some of the good news, with some states reporting of fewer layoffs in [...]