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Jobless Claims Above 600k for Five Straight Months

by devteam June 19th, 2009

For the 20th consecutive week, Initial Jobless Claims came in above 600k, indicating that job destruction continues unabated as the second quarter comes to a close. In the week ending June 13, 608,000 Americans filed for first-time unemployment benefits

Data is Encouraging, Market Response Limited

by devteam June 19th, 2009

Stocks opened on par with yesterday’s close but have since climbed higher on encouraging data reports. A weekly labor report showed mixed results, a regional manufacturing report showed significant improvement, and the leading indicators index improved

Inflation Data Sends Rates into Retreat

by devteam June 19th, 2009

Freddie Mac's Primary Mortgage Market Survey for the week ended June 18 showed significant decreases in all mortgage products although they are still above the record low territory of late spring. The 30-year fixed rate mortgage (FRM) dropped to 5

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