The Economy

May 24, 2012
Jobless claims fall by 2,000 to 370,000 filings

The number of Americans filing for unemployment insurance fell by 2,000 to 370,000 filings for the week ending May...

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First-quarter housing data shows promise: Freddie Mac

Initial economic growth estimates for the first quarter hit 2.2%, slower than the fourth quarter o, but still improved from three of the past four quarters, Freddie Mac said in its U.S. Economic and Housing Market Outlook.

They Said It

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We see nothing on the horizon to knock the economy out of its slow growth mode, said Madeline Schnapp, director of macroeconomic research at TrimTabs Investment Research.

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ReWired

Housing symptom of larger, global economic crisis

A Capital Economics report suggests job outsourcing and a decline in labor wages is derailing the economy, making housing issues look more like a byproduct of the cause rather than a symptom.

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