WATCH: Trulia stages haunted house for unsuspecting homebuyers

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
W S
Lending / The Ticker

Jobless claims fall by 10,000 filings

down button
/ Print / Reprints /
| Share More
/ Text Size+

According to Reuters, unemployment claims dropped by 10,000 filings as the impact of a California computer glitch worked its way through the system, helping the numbers level out. The publication explains:

Economists polled by Reuters had expected first-time applications to fall to 339,000 last week.

A Labor Department analyst said California, which had been dealing with a backlog, reported no carryover in claims last week from previous weeks.

Technical problems as California converted to a new computer system have distorted the claims data since September, which had made it hard to get a clear read of labor market conditions.

Source: Reuters
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus