No debate about it; this is more good economic news.
(Lake Tahoe Real Estate Blog / February 17, 2012 / Richard Bolen)
In the most recent signal that the US job market continues to improve, today's report cites unemployment claims fell to the lowest point in the last four years.
As reported by the Associated Press, weekly unemployment applications fell 13,000 over last week to 348,000 claims this week. Here's a few bullet points in the report:
- This is the fourth drop in five weeks.
- This is the fewest number of claims since March 2008 – six months before Lehman Brothers collapsed and only a few months into the Great Recession.
- This decline indicates that companies are laying off fewer workers, and hiring is likely picking up further.
- These indicators point to a healthy job market.
- Additional jobs will provide more income for consumers and support greater spending, an importance source of growth.
(full report here)
Some previous Lake Tahoe Real Estate Blog posts about US employment and jobs market.
Jan 5, 2012: First Jobs Report of the Year is a Good One
Dec 27, 2011: 2011 Year End Economic Indicators
Dec 13, 2011: US Housing Affordability Now at Record High
Dec 12, 2011: South Lake Tahoe, CA Home Values and Distressed Sales right now
Oct 2, 2011: More South Lake Tahoe, CA Home Value is Q3 Trend
Jul 6, 2011: Q2 2011 South Lake Tahoe, CA Real Estate Report
Apr 2, 2011: Q1 2011 South Lake Tahoe, CA Real Estate Report
Jan 2, 2011: 2010 South Lake Tahoe Housing Demand Report
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