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.
Author:Don Fleming Phone: 917-453-2505 Dated: November 1st 2016 Views: 40 About Don: Don Fleming has been practicing real estate for more than 10 years , with the primary goal to become...
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""Amanda Phillips did an outstanding job helping my wife and I sell our townhome. She was very helpful every step of the way. She organized and made appointments for getting the staging people to come in and tell us how to best stage our home. She also was very easy to get in touch with every time we had a question or needed to get in touch with her. She made sure to have our listing in all the right places to get maximum exposure which resulted in us getting multiple offers and having it sold in under a week. We were very happy with everything she did with helping us sell this home and with her help in finding and purchasing our new home. She has been made the whole experience as fun and stress free as possible and we can’t imagine going through it with anyone else. When we get ready to find a new home again she will definitely be our first choice in a real-estate agent.""