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Tag Archives: Jobs

Initial Jobless Claims Up Less Than Expected

First-time claims for unemployment insurance rose 8,000 for the week ended July 28 to 365,000, the Labor Department reported Thursday. Economists surveyed by Bloomberg had expected 370,000 initial claims. The prior week's total was revised up to 357,000 from the originally reported 353,000.

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Case Shiller Index and Employment – Another Look

While the month-month Case Shiller Home Price Index shot up in May a record high increase (2.2 percent) in the 20-city index and a near-record (2.2 percent increase) in the narrower 10-city index it also suggested employment has less to do with the change in home prices than might otherwise have been thought.

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Foreclosures Wane in Bay State as Economy Mends: Report

Foreclosure petitions fell by nearly 30 percent last month in Massachusetts, reaching their lowest level this year as jobs crawl back to life and the economy at large continues to mend. The Warren Group, publisher of Banker & Tradesman, recorded some 1,254 petitions in June, a decline by as much as 29.5 percent from May.

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Initial Jobless Claims Rebound to 4-Week High

First-time claims for unemployment insurance rose 34,000 for the week ended July 14 to 386,000 - the highest level in four weeks - the Labor Department reported Thursday. The prior week's total was revised up to 352,000 from the originally reported 350,000.

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Weak Jobs Report Sends Mortgage Rates Tumbling Again

The 30-year fixed averaged 3.56 percent (0.7 point) for the week ending July 12, down from 3.62 percent the previous week. At the same time in 2011, the 30-year fixed averaged 4.51 percent. This week marks the 16th straight week that the 30-year average has stayed below 4 percent. The 15-year fixed also fell, averaging 2.86 percent (0.7 point), a drop from 2.89 percent last week. A year ago, the 15-year fixed averaged 3.65 percent.

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Seasonal Factors Drive Initial Claims to 4-Year Low

First-time claims for unemployment insurance fell 26,000 for the week ended July 6 to 350,000 the lowest level since March 2008, the Labor Department reported Thursday. The prior week's total was revised up to 376,000 from the originally reported 374,000.

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Initial Jobless Claims in Steepest Drop in 9 Weeks

First time claims for unemployment insurance fell a sharp 14,000 to 374,000 for the week ended June 30, the Labor Department the largest drop in nine weeks, reported Thursday. The prior week's total was revised up to 388,000 from the originally reported 386,000.

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