Homeownership rate drops to 48-year low

Homeownership rate drops to 48-year low

Despite record sales, fewer Americans own homes

Case-Shiller: Home prices continue rising in May but stall on monthly basis

First-time buyers still weak; Growth to slow over next 2 years

Weiss Residential: Here's where the next housing crash will start

Nearly half of homes in top markets losing value

Weekly jobless claims drop, beating expectations

Claims hit lowest level since December

Employment data
KEYWORDS Economy / jobless
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Jobless claims beat expectations for the week of March 8 as initial claims fell 9,000 to a 315,000 level, beating most analyst predictions.

The four-week rolling average dropped 6,250 to 330,500, which is more than 5,000 below the month-ago comparison.

Continuing claims, which lag by one week, tell the same story, down 48,000 in the March 1 week to 2.86 million. The four-week average is down 19,000 to 2.92 million, roughly 50,000 below a month ago.

The report comes on the heels of the jobs data released Friday showing 175,000 jobs added in February.

Last week’s initial jobless claims report showed claims fell a sizable 26,000 in the March 1 week to a much lower-than-expected 323,000.

The four-week average was down 2,000 to 336,500 but was still a little high and was slightly above the month-ago comparison. Continuing claims were also moving lower, down 8,000 in lagging data for the February 22 week to 2.9 million.

The four-week average was down 15,000 to a 2.928 million level that is more than 50,000 below a month ago.

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