Eye On Housing
Both weekly initial jobless claims and continuing claims, which lag initial jobless claims by one week, declined, mainly reflecting a change in the methodology from the Labor Department. Starting in September 3, 2020, instead of multiplying the unadjusted number by the seasonal factor, the Bureau of Labor Statistics (BLS) has decided to use the additive method to seasonally adjust the… Read More ›
Weekly initial jobless claims jumped back to above 1 million in the week ending August 15. Continuing claims, which lags initial jobless claims by one week, has declined for three weeks in a row. This week’s data indicate that the road to economic recovery may not be smooth, but bumpy. The U.S. Department of Labor released the Unemployment Insurance Weekly… Read More ›
Weekly initial jobless claims decreased below 1 million in the week ending August 8. Continuing claims, which lags initial jobless claims by one week, has declined for two weeks in a row. It is encouraging to see decreases in both jobless claims and continuing claims. More people are returning to work and the labor market is recovering gradually from the… Read More ›
Weekly initial jobless claims decreased in the week ending August 1 after two weeks of increases. Continuing claims, which lags initial jobless claims by one week, dropped by 844,000 in the week ending July 25. Although jobless claims remain at historically high levels, the decreases in initial jobless claims and continuing claims indicate that labor market is recovering gradually from… Read More ›
Weekly initial jobless claims increased for the second straight week in the week ending July 25. Continuing claims, which lags initial jobless claims by one week, increased to 17.0 million in the week ending July 18. The increases in initial jobless claims and continuing claims indicate that the rehiring process are slowing as the number of coronavirus cases rises and… Read More ›
Weekly initial jobless claims increased to 1.4 million in the week ending July 18, breaking the downward trend since April 4. Continuing claims, which lags initial jobless claims by one week, declined to 16.2 million the week ending July 11. The increase in initial jobless claims reflected another wave of closures and the pause of reopening procedures in some states… Read More ›
Weekly initial jobless claims declined slightly in the week ending July 11 and continuing claims, which lags initial jobless claims by one week, declined to the lowest level since the week ending April 11. The data indicate that people return to work, albeit slowly, as states reopen economic and social activity. The labor market has gradually improved, but it has… Read More ›
The Federal Reserve’s latest G.19 Consumer Credit Report shows trends in consumer credit, excluding loans secured by real estate, through May 2020. In May, consumer credit decreased at a seasonally adjusted annual rate of 5.3% from the previous month, with revolving debt1 decreasing by 28.6% and nonrevolving debt2 increasing by 2.3 percent. Consumer credit totaled $4.1 trillion on a seasonally… Read More ›
Weekly initial jobless claims continued to decrease in the week ending July 4 and continuing claims, which lags initial jobless claims by one week, declined to about 18.1 million in the week ending June 20. The data indicate that the labor market is gradually recovering from the COVID-19 crisis as states reopen and workers return to work, albeit slowly. The… Read More ›
While weekly initial jobless claims decreased for the 13th straight week, continuing claims, which lags initial jobless claims by one week, rose by 59,000 in the week ending June 20. The labor market is gradually recovering from the COVID-19 crisis as workers return to work, albeit slowly, and a full recovery of labor market may take a while with an… Read More ›