Posted on 07/24/2014 6:47:03 AM PDT by SeekAndFind
The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction.
Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the week ended July 19, the Labor Department said on Thursday.
That was the lowest level since February 2006, and confounded economists' expectations for a rise to 308,000.
The prior week's claims were revised to show 1,000 more applications received than previously reported.
(Excerpt) Read more at cnbc.com ...
RE isn’t a national market, so it’s very hard to make good on a national RE outlook. I think there are going to be places like NV, IL, FL that will struggle for a long time, particularly IL given its terrible fiscal, regulatory and tax policies.
PS how’s that velocity of money coming along?
Wow, they’re finally running out of people to report as unemployed. Good news!
You’re informed? You follow the fed info, and have the best, right? Inside tracker and loose bit smackin’ bad dad, right? Then, why are you lost- as to real life info?
Very true. But I’m not getting into regional and state data here. Too complex for this forum. We look at our product shipments, which go into new developments, on a zip level and up to an MSA level. Through a number of third party firms we have development and start data down to the MSA level so we can match it up.
Please enlighten me to “real life info”. Thanks.
How’s the Chicago MSA for RE looking?
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