Income Investing News, analysis and commentary on income-generating investments. January 26, 2017, 9:31 A.M. ET Jobless Claims Rise More than Expected, But Still Very Low By Amey Stone Jobless claims rose by more than expected in the latest report and were revised higher from the last report. But economists weren’t ready to call this a reversal from the positive trends of the past few years. Filings for first-time claims rose 22,000 to 259,000 in the week ended January 21, according to the government’s latest report (pdf.) released Thursday morning. Economists expected claims to rise to 250,000. The prior week was revised up by 3,000 filings to 237,000. Peter Boockvar of The Lindsey Group summed up: The holidays have messed around with the seasonal adjustments so let’s smooth it out. The 4 week average is 246k, the lowest since 1973 vs 248k last week. Continuing claims, delayed by a week, rose by 41k and seems to have bottomed out back in November. Bottom line, there was noise around the new year holiday and MLK but I’m sure the optimism around Trump’s new policy is certainly having a positive impact in that employer’s are now even more inclined to hold onto their employees in light of the tight availability of people willing to work and hopes for faster economic growth. Jobless claims rose less than expected last week.
U.S. new home sales fall; weekly jobless claims rise http://www.reuters.com/article/us-economy-joblesss-idUSKBN15A1RE
Jobless claims....wouldn't even worry about that....market doesn't follow that number as much as it used to....the market moves to its own drum beats now a days and as for the new home sales. Same thing. The Market pays not much attention either to those figures as well......everything is fine and dandy on wallstreet now a days... If $20,000,000,000,000 in debt isn't bothering wallstreet and new highs are literally happening day after day after day after day than jobless claims and housing numbers are just a waste of time to even consider looking at....
New homes sales are falling because there is no supply. Very tight market. The hedge funds took a lot of supply off the market (Blackrock).