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August 14th, 2008

Weekly Unemployment Down, Monthly Up

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New claims filed for unemployment benefits reached 450,000 last week, down 10,000 from the week prior. Despite the improvement, these numbers remain at recessionary levels.

The four-week moving average of unemployment increased to 440,500, the highest four-week moving average in over six years. Taking a look at the four-week moving average provides a more consistent view of the unemployment picture, as it eliminates the week-to-week volatility of the job market.

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One Response to “Weekly Unemployment Down, Monthly Up”

  1. currency trading Says: September 23rd, 2008 at 1:56 pm

    currency trading…

    Foreign exchange (forex) reserves dipped 1. 2 billion to 305. 5 billion during the week ended August 1, largely on account of revaluation of non- dollar assets in reserves against the dollar. The Bank of India (RBI) also sold some amount of dollars dur…

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HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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