Eye On Housing
In the week ending December 5, weekly initial jobless claims increase to 853,000, the highest level since mid-September. Continuing claims, which lag initial jobless claims by one week, ticked up for the first time after twelve consecutive decreases. There is no doubt that the labor market is recovering from the COVID-19 pandemic gradually. However, increases in both initial jobless claims… Read More ›
During Thanksgiving week, weekly initial jobless claims declined to the lowest level since the end of March. Continuing claims, which lag initial jobless claims by one week, continued a downward trend for the week ending November 21. The labor market has been recovering from the COVID-19 pandemic gradually for the past eight months. However, it is worth noting that a… Read More ›