Since hitting a record 6.9 million at the end of March, initial claims have fallen, albeit gradually, for the past 15 weeks. That streak ended last week: the Labor Department reported 1.4 million new claims for the week ending July 14, up by 109,000 from the previous week.
Tag: Doug Duncan
Housing Starts Post Healthy June Gain
July has been a good month for the housing industry thus far; HUD and the Census Bureau kept the momentum going Friday with a positive report on housing starts.
Initial Claims Down Slightly Amid Continued Disruption
Initial claims filed with the Labor Department totaled 1.3 million last week, a decrease of just 10,000 from the previous week and a stark reminder of how the coronavirus pandemic has upended the U.S. economy.
Unemployment Claims Top 1M for 16th Consecutive Week
The good news: initial claims fell for the 14th consecutive week, the Labor Department said yesterday. The bad news: despite the decrease, initial claims topped one million for the 14th consecutive week and look as if they will continue to do so for several more weeks.
Housing Finance Market Roundup
Here’s a summary of recent reports about the housing market and real estate finance, with reports from Zillow; Veros Real Estate Solutions; Fannie Mae; Redfin; Genworth Mortgage Insurance; and Computershare Loan Services.
June Jobs Up Nearly 5 Million; Unemployment Rate Drops; New Claims at 1.4 Million
The Bureau of Labor Statistics reported total nonfarm payroll employment jumped by 4.8 million in June, as easing of coronavirus restrictions brought back more workers who had been laid off earlier this spring.
Initial Claims Level Again at 1.5 Million
American workers filed 1.5 million new applications for jobless benefits last weeks, the Labor Department reported Friday—the third consecutive week at that level, but still at historically high levels in the wake of the coronavirus pandemic.
May New Home Sales Post Healthy 16.6% Gain
Home buyer enthusiasm for new homes intensified in May, HUD and the Census Bureau reported yesterday, jumping by 16.6 percent from April and by nearly 13 percent from a year ago.
Unemployment Claims Plateau, Remain Elevated
More than 1.5 million Americans filed initial claims for unemployment insurance last week virtually unchanged from the previous week and at historically elevated levels for the 12th consecutive week, the Labor Department reported yesterday.
May Housing Starts Post Modest Increase
HUD and the Census Bureau yesterday reported May housing starts improved by 4.3 percent, stopping a two-month freefall in the wake of the coronavirus pandemic.