MTECHTIPS;-GLOBAL HAPPENINGS The number of jobless claims - TopicsExpress

MTECHTIPS;-GLOBAL HAPPENINGS The number of jobless claims reported by the Department of Labor fell to 320,000 seasonally adjusted for the week ending Aug. 10, the lowest since Oct. 2007, before the start of the last recession. The figure fell 15,000 from the previous week’s revised tally of 335,000. The four-week moving average for unemployment claims was 332,000, also the lowest level since late 2007 and a decrease of 4,000 from the previous week’s revised average of 336,000. Home-builder confidence rose in August to the highest level in nearly eight years, on gains in both current sales conditions and prospective ones.. The National Association of Home Builders/Wells Fargo housing market index rose 3 points to 59, marking the fourth rise in a row. The component measuring current sales conditions rose 3 points to 62, the component measuring sales expectations in the next six months rose a point to 68, and the component measuring traffic of prospective buyers was unchanged at 45. WWW.MTECHTIPS.COM 07489294118/119

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