20
May
Jobless claims rise – Unemployment Benefits Extended
San Diego California housing
Do you really think the San Diego housing market has hit bottom? How can home purchases increase in the face of our high (over 12% in California) unemployment?
The Labor Department reported this morning that first-time jobless claims rose by 25,000 to 471,000 last week, up from a revised 446,000 the previous week. Economists had expected 440,000 claims, down from an originally reported 444,000 the previous week. The number of claims was higher than expected and curbed a four-week trend of losses. Economists surveyed by Briefing.com had expected new claims to fall to 439,000. Read more 