Initial Claims Continue to Backslide

Initial claims for unemployment benefits jumped for the second consecutive week, raising concerns about the sustainability of the current economy and raising alarms with unemployment benefits set to expire.

CRE Fundamentals Struggle to Find Secure Footing

Challenging times for CRE fundamentals are likely to extend into 2021, but there is light at the end of the tunnel, said Wells Fargo Securities, Charlotte, N.C.

Initial Claims Keep Moving in Wrong Direction

Initial claims for unemployment insurance rose for the third time in five weeks amid signs the economy is stalling, the Labor Department reported yesterday.

Job Growth Slows Heading into Uncertain Winter

Total nonfarm payroll employment growth slowed to 245,000 in November, the Bureau of Labor Statistics reported Friday, with nearly 10 million fewer jobs currently compared to a year ago.

Jobless Claims Drop, Remain Elevated

Initial claims fell in the week ending Nov. 28, the Labor Department reported yesterday, but remain elevated in the wake of the coronavirus pandemic and resulting economic slowdown.

October Existing Home Sales Stay Strong

Existing home sales continued to trend upward in October, marking five consecutive months of month-over-month gains, the National Association of Realtors reported yesterday.