Initial Unemployment Claims

May 28, 2020 ..Initial unemployment claims for the week of May 23 fell 323 thousand to 2,128 thousand.  Claims has fallen steadily since reaching a peak of 6,867 thousand in the week ending April 25.  Unfortunately, 2,123 thousand is still a very large number of...

Homebuilder Confidence

May 18, 2020 Homebuilder confidence rebounded by 7 points in May to 37 after having plunged by 42 points in April which was the biggest single-month decline in the history of this series.. NAHB Chairman Dean Mon said that, “The fact that most states classified housing...

Unemployment vs. Job Openings

May 18, 2020 .The  Labor Department reported that job openings declined 11.6% in March to 6,191 thousand but that is still an elevated level.  The April data should bring with it a much sharper drop in job openings to perhaps the 3,000 mark. As shown in the chart...