News that's good on the ears

Today's weekly first-time unemployment claims data came in at a staggeringly low level of 235,000, the lowest weekly level since 11/24/73.

The data has been strong for years and suggests very few layoffs.

Additionally, October housing starts were very good!

While YTD starts are up 5.9%, all important single-family starts are up a strong 10.1%.

October's seasonally adjusted annual rate of 869,000 single-family starts is the best level since October of 2007! 

News truly to be thankful for.