Back To Work
This morning, the Department of Labor announced that 473,000 people filed for unemployment benefits in the week ended August 21. That’s 31,000 fewer poor laid-off saps than in the prior week, and a lower number of claims than Wall Street Analysts had been expecting. Hooray?
Not exactly, since economists tend to think a Read More
Today’s batch of economic data persists in painting a lackluster picture of the U.S. housing market. This morning, the U.S. Census bureau released its July figures for sales of new homes. It wasn’t pretty; sales of new single-family houses plummeted 12 percent from June to a seasonally adjusted annual rate of 276,000. That’s the lowest Read More