Real estate blog entries tagged with initial jobless claims by Joseph David, CMPS® (Clarion Mortgage Capital, Inc.)

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Home : Blogs : Joseph David, CMPS® : OC Mortgage Planning : Tag "initial jobless claims"

initial jobless claims: Initial Jobless Claims Increase, What is this telling you? - 04/03/08 06:12 PM

Mortgage bonds advanced 34bp following larger than expected weekly initial jobless claims. With layoffs in the service and construction industry it was no surprise that reports jumped by 38,000 to 407,000 reaching a two year high. The more widely watched four-week moving average for initial jobless claims increased by 15,750 to 374,500, also a two year high reading. The consensus estimate was for 365,000 new claims. This data suggests a weakening trend in the labor market and may also signal a weak monthly Jobs Report for tomorrow.
Bonds gave up some of their gains as the day wore on following a … (0 comments)

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Joseph David, CMPS®

Fountain Valley, CA

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Clarion Mortgage Capital, Inc.

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